The Reserve Bank of India's (RBI) forex reserves declined to $638.646 billion from $639.642 billion reported for the week ended September 17. India's forex reserves comprise foreign currency assets (FCAs), gold reserves, SDRs, and the country's reserve position with the IMF. On a weekly basis, FCAs, the largest component of the forex reserves, edged lower by $1.255 billion to $576.731 billion.
Accordingly, the headline seasonally-adjusted IHS Markit India Manufacturing Purchasing Managers' Index (PMI) rose to 53.7 (index reading) in September as against a reading of 52.3 in August. The PMI ranges between 0 and 100, with a reading above 50 indicating an overall increase compared to the previous month.
The fiscal deficit -- the difference between revenue and expenditure -- for the April-August 2021-22 period stood at Rs 468,009 crore, or 31.1 per cent of the budget estimates (BE). The FY22 deficit has been pegged at Rs 15.06 lakh crore. Besides, the CGA data showed that the fiscal deficit during the corresponding months of the previous fiscal was 109.3 per cent of that year's target.
The external debt during the period under review rose to $571.3 billion from $555.2 billion reported for the quarter ended June 2020. On a sequential basis, at end-June 2021, the external debt recorded an increase of $1.6 billion over $569.7 billion reported for end-March 2021 period. "The external debt to GDP ratio declined to 20.2 per cent at end-June 2021 from 21.1 per cent at end-March 2021," the RBI said in a statement.
Union Commerce and Industry Minister Piyush Goyal said that single window portal will become a one stop shop for investors for approvals and clearances. According to the Commerce and Industry Ministry, the portal hosts approvals across 18 Central departments and nine states, while 14 more Central departments and five states will be added by December.
The PCSI Employment Confidence ("Jobs") Sub-Index is up by 1.6 percentage points, the PCSI Economic Expectations ("Expectations") Sub-Index is up by 2.1 percentage points, the PCSI Investment Climate ("Investment") Sub-Index has increased by 2.1 percentage points, and the PCSI Current Personal Financial Conditions ("Current Conditions") Sub-Index has moved up by 2.7 percentage points.
According to the Directorate General of Civil Aviation (DGCA), the country's scheduled domestic flight operations ferried 67.01 lakh passengers last month. In August 2020, the traffic numbers stood at 28.32 lakh, while on a sequential basis, the sector had ferried 50.07 lakh people in July this year. Last year, domestic flight services had resumed on May 25 after the suspension of operations caused by the Covid-19 pandemic in end-March.
The unprecedented rise in homeownership sentiment, faster adoption of technology and digital marketing, and innovative business practices have served to soften the overall impact of Covid-19 on the Indian residential sector. the unprecedented rise in homeownership sentiment, faster adoption of technology and digital marketing.