In a press release, Multani states that prices for basic raw materials have risen by more than 50% over the past year, a challenge for SMEs.
The PHDCCI Economy GPS Index for September 2021 fell from 116.7 in August 2021 to 116.2 (base year 2018-19 = 100). The number for September last year was 100.2.
India’s economic activity was unharmed in September, but rising global commodity prices, a shortage of containers, and high input costs due to the lack of availability of some raw materials such as semiconductors will be demand in the coming months. It states that it will affect production potential. Pradeep Multani, Chairman of the PHD Chamber of Commerce.
SENSEX’s continuous growth (average daily closing price) increased by 6.4% from 55238 in August 2021 to 58781 in September 2021. Continuous growth in tax collection of goods and services increased by 4.5% from 1,12,020 chlores in August. £ 1,17,010 Chlore from 2021 to September 2021.
The PHDCCI Economy GPS Index for the 2021-22 fiscal year from April to September is 112.6, compared to 73.5 for the same period in the previous fiscal year.
At this point, Multani said he needed to deal with rising commodity prices and raw material shortages to support national consumption and private investment.
He said that the driving force of household consumption has an accelerating impact on the expansion of fixed investment and needs to be further strengthened to increase aggregate demand.
As Prime Minister Homble has already announced, in addition to the free distribution of dry feed until the Diwali festival, under various welfare schemes, more and more direct benefit transfers for the poor in urban and rural areas. He added that it needs to be considered.
Fiber2Fashion News Desk (DS)
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India’s September economic activity has not been compromised. Demand to hit: PHDCCI
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