Online Export Import Data Search

Recent Searches: No Recent Searches
Complete Training Video : Click Here

RBI Survey: Business sentiment nosedives as Covid-19 crisis deepens; here’s what survey reveal.

Date: 06-04-2020
Subject: RBI Survey: Business sentiment nosedives as Covid-19 crisis deepens; here’s what survey reveal
The Coronavirus pandemic’s adverse impact on industrial activities deteriorated business sentiments during Q4 FY20 while for the current quarter there is “stark pessimism” among businesses across all sectors, according to a quick survey by the Reserve Bank of India (RBI) conducted during March 18-20, 2020. The survey followed the results of 89th round of the Industrial Outlook Survey of the manufacturing sector for Q4 FY20 by RBI that interestingly had shown a different picture of sentiments before the Covid-19 crisis gained momentum in the country.

860 companies responding in the survey assessed “some improvement” in production and order books along with “mildly optimistic” employment scenario from the preceding quarter. Moreover, sentiments on external demand and overall financial situation stood positive for Q4FY20. The respondents had also expected improvements in demand conditions in Q1 FY21 while optimism continued on the overall financial system. Majority parameters including production, exports, imports, employment, overall financial situation and overall business situation, the expectations in terms of net responses for the current quarter had improved from 17.2 per cent to 23.7 per cent, 8.6 per cent to 11 per cent, 5.4 per cent to 6.6 per cent, 1.8 per cent to 5.2 per cent, 19.5 per cent to 24.3 per cent and 22.6 per cent to 28.2 per cent respectively.

Covid-19 aftermath: A third of orders cancelled, grave crisis grips export hubsCovid-19 aftermath: A third of orders cancelled, grave crisis grips export hubsMandi prices of many rabi crops fall below MSPsMandi prices of many rabi crops fall below MSPs

However, according to the second survey in which 48 companies responded again, the expectations plummeted for Q1 FY21. Across five parameters of production, order books, employment, capacity utilisation, and overall business climate, the sentiment declined to -37.5 per cent from 13 per cent (before Covid-19 impact assessment), -41.9 per cent from 16.3 per cent, -14.6 per cent from 4.3 per cent, -40.4 per cent from 22.2 per cent, and -35.4 per cent from 26.1 per cent respectively.

The Coronavirus impact hurting India’s growth story was also reflected in the projections of global rating agencies. According to Fitch Ratings, India’s GDP may grow only 2 per cent in FY21 – slowest since the economy was liberalised 30 years back, while Asian Development Bank expected 4 per cent fall in the economic growth, PTI reported. S&P Global Ratings had also cut India’s GDP forecast from 5.2 per cent to 3.5 per cent.

Source:- financialexpress.com

Get Sample Now

Which service(s) are you interested in?
 Export Data
 Import Data
 Exim Help

What is New?

Date: 12-01-2021
Notification No. 02/2021 - Central Tax
Seeks to make amendment (2021) to CGST Rules, 2017.

Date: 11-01-2021
Trade Notice No. 37/2020-2021
Electronic Issuance of Preferential Certificate of Origin (CoO) for India’s Exports to UK under Generalised Scheme of Preferences (GSP)

Date: 08-01-2021
Public Notice No. 37/2015-2020-DGFT
Enlistment under Appendix 2E of M/s The All India Plastics Manufacturers’ Association (North Zone), Gurugram, Haryana - Authorized to issue Certificate of Origin (Non-Preferential) – reg.

Date: 07-01-2021
Notification No. 55/2015-2020-DGFT
Amendment in import policy and condition of items classified under Chapter 41 & 43 of ITC (HS), 2017, Schedule – I (Import Policy).

Date: 07-01-2021
Notification No.03/2021 - Customs (N.T.)
Exchange rate Notification No.03/2021-Cus (NT) dated 7.1.2021

Date: 06-01-2021
Notification No. 03/2021-Customs (N.T./CAA/DRI)
Appointment of CAA by Pr. DGRI

Date: 06-01-2021
Notification No. 1/2021 -Customs (ADD)
Seeks to further amend notification No. 2/2016-Customs (ADD) dated 28th Jan, 2016 to extend the levy of Anti-Dumping duty on Melamine originating in or exported from China PR, up to and inclusive of 28th Feb, 2021.

Date: 04-01-2021
Trade Notice No. 36/2020-21
Cyber fraud complaints from Indian Exporters - Trade Advisory reg

Date: 04-01-2021
Notification No. 02/2021-Customs (N.T./CAA/DRI)
Appointment of CAA by Pr. DGRI

Date: 04-01-2021
Notification No. 02/2021-Customs (N.T.)
To rescind the Customs (Advance Rulings) Rules 2002

Exim Guru Copyright © 1999-2021 Exim Guru. All Rights Reserved.
The information presented on the site is believed to be accurate. However, InfodriveIndia takes no legal responsibilities for the validity of the information.
Please read our Terms of Use and Privacy Policy before you use this Export Import Data Directory.


C/o InfodriveIndia Pvt Ltd
F-19, Pocket F, Okhla Phase-I
Okhla Industrial Area
New Delhi - 110020, India
Phone : 011 - 40703001