RBI Bulletin - December 2021 - આરબીઆઈ - Reserve Bank of India
RBI Bulletin - December 2021
The Reserve Bank of India today released the December 2021 issue of its monthly Bulletin. The Bulletin includes Governor’s Statement; Monetary Policy Statement, 2021-22 Resolution of the Monetary Policy Committee (MPC) December 6-8, 2021; Statement on Developmental and Regulatory Policies; two speeches; four articles; and current statistics. The four articles are: I. State of the Economy; II. Government Finances 2021-22: A Half-Yearly Review; III. What Ails India’s Apparel Exports?; and IV. Coal Supply-Demand Situation and Implications; I. State of the Economy The global economy remains hostage to heightened uncertainty, with Omicron sparking fresh containment measures. The Indian economy bounced back strongly in Q2:2021-22, with GDP surpassing its pre-pandemic levels, and inflation broadly aligning with the target. A host of incoming high frequency indicators are looking upbeat and consumer confidence is gradually returning. Aggregate demand conditions point to sustained recovery, albeit, with some signs of sequential moderation. On the supply front, farm sector situation remains strong with impressive progress of Rabi sowing, while the manufacturing and services record strong improvement on strengthening demand conditions and surge in new business. II. Government Finances 2021-22: A Half-Yearly Review The article, fourth in the series, presents a mid-year review of government finances – Centre, State and Combined, at a quarterly frequency. Highlights
III. What Ails India’s Apparel Exports? India has traditionally enjoyed a comparative advantage in the textile sector, including apparels, and they constitute a major chunk of India’s export basket. However, over the last few years, near stagnation in India’s textile exports, particularly in apparel exports, has been witnessed. This article analyses the role of tariff regimes of the destination country in directing the exports of apparels from major suppliers including India. Highlights
IV. Coal Supply-Demand Situation and Implications This article analyses the recent demand-supply mismatches experienced by the coal sector in India owing to global and domestic factors. Coal being an important input for thermal power and some other important industries, its timely and adequate supply is imperative. With the government’s efforts, coal shortage has eased in recent weeks. Highlights
(Yogesh Dayal) Press Release: 2021-2022/1363 |