|| SHANIWAR SAMWAD || 04-06-2022

 All major economic indicators are out for the month of may2022.

Last month's GST figures are out with 1.4L down from 1.68L but if we see the effect of inflation the figure for May 2022 is very authentic.

The GST figures for the calendar year 2022 are above 1L crore.

Just in the last week of May2022, the government had reduced the duty on petrol and diesel, as GST collection is giving the much-needed confidence not only to the government but also to the market.

The PMI index for the last three months is well above the expansion level, for May2022 it was 54.6 which is just a little less than 54.7 in the month of April2022.

The export of merchandise is increasing with every month despite inflation being a global phenomenon now. 

The comfort level of developed economies is different than ours.

Also, other items export order is increasing as compared to April2022, like capital goods and services.

Right now, our global trade share is very less i.e. around 2%, but the China plus 1 for the supply chain along with the Atamnirbhar Bharat initiative will give the desired result going forward.

The net outcome of these figures shows the resilience of our economy with consistency in growth despite all odds we have seen.

The war which was supposed to be a small conflict is now full-fledged, every day it is increasing the pressure for a downward or reversal of the economy.

The covid lockdown in China is giving us to expand the market for our products and services, as the uncertainty is good rather for our business.

Location: India

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