India’s TOP 500 Companies 2020

INDIA’S TOP 500 COMPANIES 2020 88 Performance of major sectors (at 2011-12 constant prices; % y-o-y growth) GVA GCF FY18 FY19 FY18 FY19 Agriculture, forestry & fishing 5.9 2.4 6.3 8.0 Industry 6.3 4.9 1.2 17.5 Mining & quarrying 4.9 -5.8 19.1 14.9 Manufacturing 6.6 5.7 1.6 15.9 Electricity, gas, water supply & other utility services 11.2 8.2 -14.1 15.3 Construction 5.0 6.1 16.8 24.4 Services 6.9 7.7 14.5 7.2 Trade, hotels, transport, communication and services related to broadcasting 7.6 7.7 32.2 5.9 Financial, real estate & prof services 4.7 6.8 4.9 7.0 Public Administration, defence and other services 9.9 9.4 7.4 9.2 Total 6.6 6.0 9.4 10.5 GVA: Gross Value Addition; GCF: Gross Capital Formation Source: MOSPI Given the modest demand conditions, inflationary pressures eased in a broad-based manner during FY19 on account of contracting food prices and easing fuel inflation during H2 FY19. The CPI inflation however started moving upwards in FY20 and even breached the RBI’s upper tolerance threshold of 6% between December 2019 to February 2020 due to spike in vegetable prices particularly of onions. Fuel prices also started rising post December 2019 after being in the negative territory between July 2019 to November 2019. On WPI front, surging global oil prices led to surge in WPI inflation during the first half of FY19. However, thereafter receding global crude oil prices softened the WPI inflation. Spike in vegetable prices drove CPI inflation above the RBI’s upper tolerance threshold during Q4 FY20 -2 0 2 4 6 8 10 12 % Headline CPI Core CPI Non-core CPI Core CPI: Inflation excluding food & fuel; Non-Core CPI: Dun & Bradstreet