Discover and read the best of Twitter Threads about #manufacturingpmi
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#RetailInflation in Sep@7.34%,Vs 6.69% in Aug,is due to rise in food price index which rose from 9.05% to 10.68%,MoM
Uptick in #foodinflation is temporary &driven by #COVID related supply disruptions--We had bumper crop last year&FY21,should see bumper agri production,yet again!
Uptick in #foodinflation is temporary &driven by #COVID related supply disruptions--We had bumper crop last year&FY21,should see bumper agri production,yet again!
By Dec,#CPI should ease& inflationary pressure will abate,due to #BaseEffect& #Kharif arrivals
Note:Kharif sowing was up between 50-88%,for most crops,despite #lockdown
With INR@73.11/$ level,threat of imported inflation is minimal
#CoreInflation at sub 6%,bodes well
#economy
Note:Kharif sowing was up between 50-88%,for most crops,despite #lockdown
With INR@73.11/$ level,threat of imported inflation is minimal
#CoreInflation at sub 6%,bodes well
#economy
#IIP contraction in Aug at 8% Vs 10.8% in July,is driven by relatively better numbers from #Mining& #ConsumerNonDurables
After record #ManufacturingPMI of 56.8 in Sep,#ServicesPMI at 49.8 Vs 41.8 in Aug,is a good sign💪
#TradeDeficit in Sep@ $2.9 Vs $10.9,in Sep2019,bodes well
After record #ManufacturingPMI of 56.8 in Sep,#ServicesPMI at 49.8 Vs 41.8 in Aug,is a good sign💪
#TradeDeficit in Sep@ $2.9 Vs $10.9,in Sep2019,bodes well
#ManufacturingPMI for Aug2020 has went up and crossed 50 for the first time in last 5 months.
💠It clearly indicates that economy is rebooting and reviving. We have to be optimistic.
💠PMI numbers above 50 indicates exoansion and below 50 indicates contraction.
@ImSonu_Jha
💠It clearly indicates that economy is rebooting and reviving. We have to be optimistic.
💠PMI numbers above 50 indicates exoansion and below 50 indicates contraction.
@ImSonu_Jha
In April, #ManufacturingPMI plunges to 27.4 followed by 30.8 in May, 47.2 in June and 46 in July. Now it stands at 52.
The sudden fall in PMI was because of strict lockdown enforced by the GOI. Industries were at halt for 2/3rd of Apr-June Quarter nd were at complete halt before
The sudden fall in PMI was because of strict lockdown enforced by the GOI. Industries were at halt for 2/3rd of Apr-June Quarter nd were at complete halt before
It can be clearly seen from the graph 📊 that, by the time ease in lockdown were issued from GOI nd states Govt, #ManufacturingPMI number start coming back to its previous reading. It is a good sign for the economy. Hope everything will be good in coming quarter. Fingers🤞🤞 🤞
German GDP down 10% in June qtr
France down 14%
Singapore minus 41%
#USGDP minus 32.9%,as per advance estimates
#COVID has inflicted universal damage--fall in India will be relatively lower&cushioned by good agri growth
Even when March qtr GDP grew 3.1%,#AgriGrowth was 5.9%
France down 14%
Singapore minus 41%
#USGDP minus 32.9%,as per advance estimates
#COVID has inflicted universal damage--fall in India will be relatively lower&cushioned by good agri growth
Even when March qtr GDP grew 3.1%,#AgriGrowth was 5.9%
Besides Farm sector,thx to Banking clean-up,by @narendramodi govt, #Banks are doing well too
#SBI reported 81% jump in net profit at Rs 4189Cr
Yes,there was one time gain of 1540Cr--But even without this,profit grew by 15%& #NII by 19%
#GrossNPAs fell from 6.15% to 5.44% QoQ💪
#SBI reported 81% jump in net profit at Rs 4189Cr
Yes,there was one time gain of 1540Cr--But even without this,profit grew by 15%& #NII by 19%
#GrossNPAs fell from 6.15% to 5.44% QoQ💪
#NetNPAs of #SBI fell from 2.23%,to 1.88%,in June2020 qtr
Improvement in #AssetQuality of SBI is good news&this,despite providing for #COVID19India related losses
SBI made Covid related provisions worth 1836Cr inJune qtr
Total provisions against Covid related losses are 3008Cr
Improvement in #AssetQuality of SBI is good news&this,despite providing for #COVID19India related losses
SBI made Covid related provisions worth 1836Cr inJune qtr
Total provisions against Covid related losses are 3008Cr
#Sensex@36000+ for 1st time since 11thMarch
Rupee/$ 75.01,best since 27th March
#BajajAuto sales@2.78Lakh units, for June,up 119% MoM
#GST revenues for June,90917Cr
#AxisBank to raise $2bn from PEs
RBI commences 30000Cr special liquidity scheme for NBFCs&HFCs
#GreenShoots
Rupee/$ 75.01,best since 27th March
#BajajAuto sales@2.78Lakh units, for June,up 119% MoM
#GST revenues for June,90917Cr
#AxisBank to raise $2bn from PEs
RBI commences 30000Cr special liquidity scheme for NBFCs&HFCs
#GreenShoots
#HeroMotoCorp,world's largest wheeler company,sold 4.5 lakh units in June 2020
This is a massive 302% growth over 1.12 lakh units,despatched in May 2020
This stellar performance came,in midst of a raging pandemic
Leftists& #Twitternomists, quiet😑
#GreenShoots #Modinomics💪
This is a massive 302% growth over 1.12 lakh units,despatched in May 2020
This stellar performance came,in midst of a raging pandemic
Leftists& #Twitternomists, quiet😑
#GreenShoots #Modinomics💪
#UPI transactions in June hit all time high of 1.34 billion in terms of volume,Vs 1.23 bn in May2020
Value of June transactions was Rs 2.62 lakhCr,as per #NPCI data,Vs 2.18 lakh Cr in May
Huge surge in UPI trades,big vindication of #Demonetisation& #DigitalIndia
#GreenShoots
Value of June transactions was Rs 2.62 lakhCr,as per #NPCI data,Vs 2.18 lakh Cr in May
Huge surge in UPI trades,big vindication of #Demonetisation& #DigitalIndia
#GreenShoots
