Summary:
NEW DELHI, Nov.
24, 2021 /PRNewswire/ -- According to the PHDCCI Economic & Business Momentum (EBM) Index, the 25 lead economic and business indicators have shown a significant recovery at 101.6 for Q2 FY 2021-22 as compared to 96.0 for Q2 FY 2020-21, at the base of 2018-19 = 100.
" The PHD Chamber of Commerce and Industry projects Q2 FY 2021-22 GDP growth at 8-10% and a double digit GDP growth trajectory at 10.25% in the full FY 2021-22 on the back of supportive Government policies, uptrend in the key economic and business indicators and resultant strong business confidence and positive consumer sentiments," said Mr Pradeep Multani, President, PHD Chamber of Commerce and Industry in a press statement issued here today.
Lead economic and business indicators have shown a higher growth in September 2021 as compared with September 2020.
PHDCCI Economic & Business Momentum (EBM) Index at 101.1 for September 2021 is higher as compared with 96.5 for September 2020.
Economic recovery so far (Y-o-Y) PHDCCI EBM Index 2018-19=100 September 2017 September 2018 September 2019 September 2020 September 2021 97.0 99.7 97.4 96.5 101.1 Source: PHD Research Bureau, PHDCCI EBM Index Lead economic and business indicators such as SENSEX, FDI equity inflows, merchandise exports and services exports have shown a noteworthy improvement in September 2021 as compared to the September 2020, said Mr Pradeep Mulatni.