Thread by @Sanju_Verma_

#Nomura says,India will be fastest growing Asian economy in FY22,with GDP growth of 9.9;GDP growth to be 32.4% in 1QFY22&10.2% in 2QFY22

Fee weeks back #GoldmanSachs had upgraded India's GDP growth forecast from 10% to 13% for FY22

#IMF is at 8.8%& #Moody's at 8.6%

#Modinomics

Few

@narendramodi govt's decision to sell 20% in IRCTC at base price of Rs 1367,via #OFS tomr,is a great move

1367 is,15.5% discount to Wednesday's closing of Rs1618;52 week high&low is Rs 1995 &775

#IRCTC got listed last yr&was subscribed a whopping 112x

GoI owns 87.4% stake

Modi Govt will sell up to 2.4 crore equity shares of #IRCTC,akin to 15% of paid-up equity share capital of company

For Sep 2020 qtr,IRCTC saw revenue of 88.56 Cr with net profit of 32.64 Cr

#OFS open only to non-retail investors today

Bodes well for GoI's #Disinvestment
target

Nov'20 Car sales were steady after a phenomenal October;Maruti sold 1.36 lakh units Vs 1.39 lakh in Nov'19,dip of 2%

But Hyundai,Tata Motors,Kia, Mahindra&Mahindra&Honda recorded healthy numbers

Mahindra’s UV sales saw 27% growth&broader passenger vehicle segment,growth of 24%

Honda Cars had rewarding festive season&clocked domestic sales of 9990 units in Nov’20 Vs 6459 units sold in Nov'19,growth of 55%

#HeroMoto,world’s largest 2-wheeler Co,sold 5.91 lakh units in Nov'20,a 14% jump over last yr

Hero's great numbers were aided by record retail sales

Hero sold 14 lakh units in just 32 day period between Navratra&Bhai-Dooj

Chennai-based TVS Motor also saw great numbers,with 21% higher sales at 3.23 lakh units in Nov,backed by 2-wheelers that grew a solid 30%

Honda motorcycles saw 11% growth

Economic Recovery,powering ahead

Passenger vehicle sales in Nov rose 12.73% to 2.85 lakh units& 2-wheeler sales up 13.43% to 16 lakh units

Motorcycle sales were at 10.27 lakh units,up 14.9%;Scooter sales up 9.29% at 5.03 lakh units

Moot point is,despite festive season being over,auto sales were robust in Nov

On 9th Dec @narendramodi govt gave Rs 6195.08 Cr towards Post Devolution #RevenueDeficit Grant,to States;Centre will give Rs 74341Cr overall,to States,annually

Kerala received largest share at 1277 Cr,followed by Himachal Pradesh at 953Cr,Punjab at 638Cr &Assam,632Cr

#Economy

Reams of paper were written on how @narendramodi gov is unfair to States like Kerala,but data suggests, Kerala has in fact,been getting highest share of #Grant, given to States

Not a word from Kerala's Finance Minister either,who otherwise,takes to Twitter,to target Central govt