Sectoral Equity Indices & Market Analysis
13
Jan
Feb
0
20
40
Feb 20
140
120
100
80
60
Domestic macro conditions remains strong ...
High frequency indictors of economic activity
continues to show momentum
Jun 20]
Apr 20
Oct 20]
Aug 20
Dec 20
Feb 21
Apr 21
Jun 21
Aug 21
Oct 21
Dec 21
Feb 22
Apr 22
Source: RBI staff estimates.
Activity Index
Pre-Covid Level (Feb = 100)
GST collection witnessed robust growth
2nd highest collection since
implementation
Jun 22]
1.8
1.44
1.6
58
1.4
57
1.2
56
bo
1.12
ноо
1
55
0.8
54
0.6
48.1
53
0.4
52
0.2
51
0
Mar
Apr May
Jun
Jul
Aug
Sept
Oct
2022
2021
Avg of last 12 mths
Source: Ministry of Finance
Oct-21
Confidential/Restricted
Nov-21
Dec-21
Jan-22
Classification - Restricted
Bank credit growth rose reflecting festive and quarter-end demand
Consumer Confidence Indices
140
19
17.9
17-Nov-21
05-Nov-21
29-Nov-21
11-Dec-21
Credit Growth (in %)
120
113.3 113.0
100
80
77.3
80.6
550
60
Source: RBI.
40
23-Dec-21
04-Jan-22
16-Jan-22
28-Jan-22
09-Feb-22
21-Feb-22
05-Mar-22
17-Mar-22
29-Mar-22
10-Apr
ZZ
22-Apr-22
04-May-22
16-May-22
28-May-22
09-Jun-22
21-Jun-2.2
03-Jul-22
15-Jul-22
27-Jul-22
08-Aug-22
20-Aug-22
01-Sep-22
25-Sep-22
13-Sep-22
07-Oct-22
19-Oct-22
May-18
Jun-18
Sep-18
Nov-18
Dec-18
Mar-19
May-19
Jul-19
Sep-19
Nov-19
Jan-20
Mar-20
May-20
Jul-20
Sep-20
Nov-20
Jan-21
Mar-21
May-21
Jul-21
Sep-21
Nov-21
Jan-22
Mar-22
May-22
Jul-22
Sep-22
Source: RBI, Bloomberg
India's Purchasing Managers' Index (PMI) shows signs of
resilience
Capacity Utilization in Manufacturing is showing signs
of Rebound
Feb-22
Mar-22
Apr-22
May-22
Jun-22
Jul-22
75-
70-
55.3
Per cent
65-
60-
55-
50-
Source: Cogencis
45
Aug-22
Sep-22
Oct-22
--Current Situation Index
HDFC BANK RESEARCH
Classification - Restricted
HDFC BANK
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Future Expectations Index
2018-20
2020-21
Q1 Q2 Q3 Q4Q1 Q2 Q3 Q401 02 03 0401 02 03 040102030401
2017-18
2018-19
2021-22 2022-23
CU (Seasonally adjusted)
CU
Long-term average
Source: RBI.View entire presentation