25 YEARS IN INDIA: LEADING WITH IMPACT
Macro Indicators
Select macroeconomic indicators witnessed moderate growth
Jan dhan deposits stabilized; GST collections recorded an all time high; RBI hiked repo rate for the 1st time since 2018
Govt. Receipts & Expenditures (INR Tn)
Fiscal deficit spiked sharply in Feb'22 vs. Jan'22
GST Collections¹ (INR Tn)
GST collections surged to all time high
Dec'21
Jan'22
Feb'22
2
Govt. Expenditure (INR Tn)
4.4
2.8
3.3
Govt. Receipts (INR Tn)
3.8
1.0
Fiscal Deficit (INR Tn)
0.6
1.7
Q00
1.40
1.68
1.42
-0.4
3.7
Feb-21
Apr-21
Jun-21
Aug-21 Oct-21
Dec-21
Feb-22 Apr-22
Jan Dhan Deposits (INR Tn)
Jan Dhan deposits exceeded Apr 21 levels
III
1.4
IIII
RBI's policy rates (%)
Repo rate increased for first time since 2018
Repo rate
Reverse Repo rate
Base Rate
1.7 1.7
10
8.3
8.2 8.2
4.4
4.0
3.4
·
4.0'
3.4
3.4
Feb-
21
Apr-
21
Jun-
21
Aug-
21
Oct-
21
Dec-
Feb-
Apr-
Feb-21
Apr-21
Jun-21
Aug-21 Oct-21
Dec-21
Feb-22 Apr-22
21
22
22
1.GST Collections include all components: CGST, SGST, IGST, Cess
Source: Ministry of Finance, GST Council, GST Network, RBI, Jan Dhan Yojana BCG analysis
7
Copyright 2020 by Boston Consulting Group. All rights reserved.View entire presentation