India - The Economic Pathway: CARE Ratings
BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
CARE Ratings Research Report
India logs 8,954 new Covid-19 cases in the past 24 hours, recording less than 10,000 cases for the fifth-straight day and the active caseload stood at less than a lakh.
Indian economy grew by 8.4% YoY aided by easing restrictions, increased vaccine coverage and steady decline in new infections.
Index of industrial production witnessed a sharp decline to 3.1% in September 2021 owing to normalisation of base core sector performance was upbeat at 7.5% in October 2021.
Manufacturing Purchasing managers' index rose to a 10-month high of 57.6 in November 2021. Services PMI rose to a decade high of 58.4 in Oct-21.
Retail inflation edged up marginally to 4.5% Wholesale inflation climbed to a five-month high of 12.5%.
Good and services tax collections rose to Rs 1.31 lakh crore in Nov-21, second highest since implementation of the GST regime.
Growth in bank deposits was upbeat at 6.2% bank credit rose to 2%
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