35.32 lakh crore (US$ 479.59 billion), as compared with Rs. In July 2021, the net assets under management (AUM) of mutual funds reached Rs.In August 2021, merchandise exports increased to US$ 33.1 billion (at 45.2% YoY growth), compared with US$ 22.8 billion in August 2020, driven by strong performance from key sectors such as non-petroleum products and non-gems and jewellery products.In August 2021, the Indian basket of crude oil reached US$ 70.2 a barrel, compared with the average crude oil price of US$ 73.5 a barrel in July 2021, due to demand build-up.In terms of volume, UPI transactions stood at 355.5 crore in August 2021, as compared with 324 crore in July 2021. 6.39 lakh crore (US$ 86.77 billion), as compared with Rs. In August 2021, UPI transactions were valued at Rs.In August 2021, the total e-way bills generated stood at 6.6 crore, an increase of 33% YoY.In August 2021, rail freight loading stood at 110.55 MT, registering an increase of 16.9% YoY.At key ports, port traffic stood at 55.04 million tonnes in July 2021, increasing by 7% YoY.In July 2021, eight sectors output index increased by 9.4% YoY, indicating resumption of economic activities.In June 2021, the overall IIP (Index of Industrial Production) registered a 13.6% growth, driven by a solid and favourable base effect.Power consumption increased by 17.1% YoY in August 2021, indicating resumption of industrial and commercial activities, backed by gradual easing of lockdown restrictions with gradual ebbing of the second wave.The substantial recovery over July 2021 is attributed to the rapid coverage of vaccination in India. PMI services recorded a significant rebound in August 2021 at 56.7, an 18-months high to reach expansionary zone after three months.In August 2021, the Manufacturing Purchasing Managers' Index (PMI) in India stood at 52.3.In August 2021, monthly sales of fertilisers stood at 69.4 LMT, closely equivalent to previous year levels.In the ongoing Kharif Marketing Season (KMS), the procurement operations with MSP value of Rs.As per the ‘Fourth Advance Estimate’ of principal crops, food grain production in India is estimated at 308.65 million tonnes in FY21, an increase of 11.14 million tonnes as compared with FY20.In August 2021, the following key frequency indicators highlighted improved performances: The Indian government’s policy push to accelerate growth via infrastructure spending and capex has improved capital formation in the economy and therefore, boosted the investment to GDP ratio to ~32% in the fourth quarter of FY21. As of September 8, 2021, vaccination coverage stood at >60% of the adult population. This also provided a positive outlook to further revive industrial activities. The economic recovery is driven by the government’s sustained efforts to accelerate vaccination coverage among citizens. Also, in FY21, India registered a current account surplus at 0.9% of the GDP. India’s real GVA also registered an 18.8% YoY growth in the first quarter of FY22, posting a recovery of >92% of its corresponding pre-pandemic level (in the first quarter of FY20). As per the estimates, in the first quarter of FY22, India’s output registered a 20.1% YoY growth, recovering >90% of the pre-pandemic output in the first quarter of FY20. The Indian economy registered a V-shaped recovery as indicated by the provisional gross domestic product (GDP) estimates.
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