India Economy - Bracing For A Good Festive Season; Rural Outlook Mixed: Nirmal Bang

BQ Prime’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 BQ Prime’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

Nirmal Bang Report

In the first fortnight of September 2022, economic activity remained healthy. Mobility for retail and recreation and essential services improved marginally while workplace mobility and use of public transport moderated slightly.

Both urban as well as rural unemployment declined, with rural unemployment at 6.6% and urban unemployment at 8.1%.

As of September 16, 2022, total Kharif crop sown area was down by 8.95% YoY. Area under rice was down by 18.9% YoY, area under pulses was down by 5.6% YoY. Area under coarse cereals was up by 7.3% YoY while area under oilseeds was down by 1.3% YoY.

Bank credit growth stood at 15.5% YoY, up from 15.3% in the previous fortnight.

Electricity generation remained healthy but moderated from the previous fortnight. Active Covid cases declined by 28.3% from the previous fortnight while the number of deaths was down by 53.3%.

Click on the attachment to read the full report:

DISCLAIMER

This report is authored by an external party. BQ Prime does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BQ Prime.

Users have no license to copy, modify, or distribute the content without permission of the Original Owner.