EIC Framework
EIC Framework
EIC Framework
GDP per
1,633 1,766 2,018 2,023 2,113
capita (USD)
GDP (USD
2,096 2,295 2,657 2,699 2,857
bn)
Inflation Rate
2015 2016 2017 2018 2019
Inflation Rat 4.8 3.9 4.3 2.9 5.9
e (CPI, annu
al variation i
n %,
Inflation Rat 4.9 4.5 3.6 3.4 4.8
eeop)
(CPI, annu
Inflation
al (PPIi
variation -3.6 1.8 2.9 4.3 1.7
,nannual
%) vari
ation in %)
Market size
• India's gross domestic product (GDP) (at
constant 2011-12 prices) was estimated to be Rs
145.65 lakh crore (US$ 2.06 trillion) for 2019-20,
growing 4.2 per cent over the previous year.
• India retained its position as the third largest
start-up base in the world with over 8,900-9,300
start-ups as 1,300 new start-ups got
incorporated in 2019 according to a report by
NASSCOM. India also witnessed the addition of
7 unicorns in 2019 (till August 2019), taking the
total tally to 24.
Market size..
• The IHS Markit India Services PMI jumped to 58.4 in October of 2021 from 55.2
in September and above market expectations of 55.7. The reading pointed to
the third straight month of expansion in the sector, and the highest reading in
ten-and-a-half years, amid further easing COVID-19 restrictions.
• Output grew at the fastest rate in over a decade, while new orders rose at the
steepest pace since July 2011, while employment increased to the strongest
since February 2020, and the pace of backlog depletion eased and was only
slight.
• At the same time, new export orders declined at the weakest pace since
March. On the price front, input price inflation accelerated to a six-month high,
due to higher fuel, material, retail, staff and transports costs, while output
price inflation rose to the strongest since July 2017. Looking ahead, business
sentiment was little-changed, amid worries impact of inflationary pressures on
the recovery. source: Markit Economics
India Services PMI
India Manufacturing PMI
• The IHS Markit India Manufacturing PMI increased to 55.9 in October
2021 from 53.7 a month earlier and above market consensus of 54. This
marked the fourth straight month of expansion and the strongest growth
since February, as both output and new orders expanded at the fastest
rate in seven months, amid the easing of COVID-19 restrictions.
• New export orders increased at a solid pace that was the quickest in
three months. Meanwhile, employment continued to decline, with the
rate of job shedding was marginal. Prices data showed input cost
inflation jumped to a 92-month high, due to a faster rise in prices of
chemicals, fabric, electronic component, oil, plastic and transportation
costs. Meanwhile, output prices increased marginally. Lastly, business
confidence improved at a near-record rate, amid strong input buying
growth. source: Markit Economics
India Manufacturing PMI