State Recovery Tracker: High-GDP states catch up with rest of India on economic revival
4 years, 3 months ago

State Recovery Tracker: High-GDP states catch up with rest of India on economic revival

Live Mint  

Until recently, economic revival in India was mostly limited to smaller states. The top states are now catching up with the rest of India in getting back on track, shows Mint’s latest State Recovery Tracker. Six states make up half of India’s economic output, and will matter the most in economic recovery: Maharashtra, Tamil Nadu, Uttar Pradesh, Karnataka, Gujarat, and West Bengal. The rest of India recorded 78% of the normal footfalls at workplaces, the worst level since May, as cases spread faster in the smaller states. On average, mid- and small-sized state economies fared better than larger states on this count, with 5% higher power usage than the year-ago period.

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History of this topic

India must shift its policy focus to address the demand deficiency that ails its economy.
4 weeks, 2 days ago

India must shift its policy focus to address the demand deficiency that ails its economy.

Live Mint  

Two key pieces of economic data released last month have rung alarm bells on the state of India’s economy. Rural wages have been stagnant for the last 10 years, but even general wages have shown a decline in real terms for both rural and urban areas for more than a decade. The Centre’s strategy for managing food inflation has largely …

Top 10 Richest Indian States: A Geographical Dive into Economic Power
2 months, 2 weeks ago

Top 10 Richest Indian States: A Geographical Dive into Economic Power

Live Mint  

The Hurun India Rich List 2024 highlights the state-wise distribution of the country’s richest people with the highest net worth. States with notable entries include Haryana, Uttar Pradesh, Rajasthan, Madhya Pradesh, Odisha, Chandigarh, Jharkhand, Uttarakhand, Karnataka, West Bengal, Tamil Nadu, Telangana, Gujarat, Delhi, Maharashtra, and Delhi. Karnataka ranks sixth, with 108 entries, up from 72 in 2020, driven primarily by …

States' Economic Potential: A Focus on Growth and Prosperity
2 months, 2 weeks ago

States' Economic Potential: A Focus on Growth and Prosperity

New Indian Express  

NITI Aayog emphasizes the crucial role of states in achieving Viksit Bharat by 2047. The focus will be on accelerating economic growth at the state level to achieve this goal. The states with the largest economies, such as Maharashtra, Tamil Nadu, Gujarat, Uttar Pradesh, Karnataka, West Bengal, Rajasthan, Andhra Pradesh, Telangana, and Delhi, will be prioritized in economic policy strategies.

5 charts reveal the state of state economies
2 years, 1 month ago

5 charts reveal the state of state economies

Live Mint  

After witnessing unprecedented challenges due to the covid-19 pandemic, India’s states are well on their way to recovery, according to the Reserve Bank of India’s Handbook of Statistics on Indian States released last week. Here is what data tells us about states’ growth, finances, wages, and credit, in five charts: Recovering Losses View Full Image Mint ReNew to sell 1GW …

Is India's economy back on track? Here's what to expect from Q2 GDP numbers
3 years, 1 month ago

Is India's economy back on track? Here's what to expect from Q2 GDP numbers

India Today  

India’s economy witnessed a sharp recovery after the second Covid-19 wave battered growth earlier in the year. In the first quarter of FY22, the country’s GDP growth accelerated to a record 20.1 per cent on the back of improvement in the pandemic situation, aided by rising vaccination and reopening of the economy. Read | India’s GDP grows at over 20% …

Lockdowns have impacted large and small states alike
3 years, 7 months ago

Lockdowns have impacted large and small states alike

Live Mint  

India’s economy began the month of May with a cloud of uncertainty: by April’s last week, most states had gone under fresh covid-19 lockdowns. The economic cost is now clear across the country, rich and poor states alike, several high-frequency indicators show in the latest monthly update to Mint’s state recovery tracker. Delhi had the poorest economic performance and the …

V-shaped recovery unlikely as India's economy faces tougher Covid test
3 years, 8 months ago

V-shaped recovery unlikely as India's economy faces tougher Covid test

India Today  

India’s economic recovery has been cut short by an unprecedented Covid-19 wave that has forced many states to impose localised lockdowns. In January, the government said India’s economy would see a ‘V-shaped’ recovery as economic activity resumed in full swing after the first wave. ECONOMY FACES COVID TEST India’s gross domestic product could go through multiple revisions in the current …

Covid second wave has a silver lining: limited economic impact
3 years, 9 months ago

Covid second wave has a silver lining: limited economic impact

Live Mint  

Early signals from high-frequency data suggest that the economic effect of the second wave may be less potent than the first wave. Among large state economies, Tamil Nadu, Uttar Pradesh, and West Bengal led economic recovery, Mint’s state recovery tracker shows. States such as Maharashtra, Madhya Pradesh, Gujarat and Punjab that have been reporting a high number of new infections …

State Recovery Tracker: West Bengal, Kerala lead economic recovery in New Year
3 years, 11 months ago

State Recovery Tracker: West Bengal, Kerala lead economic recovery in New Year

Live Mint  

Even as data on trade, manufacturing, and GST collections suggest a pick-up in economic recovery in the New Year, other high-frequency indicators point to a plateauing of economic activity in India. The smallest state economies saw year-on-year growth in both vehicle sales and power consumption last month but several of the bigger states either saw a decline, or witnessed muted …

State Recovery Tracker: UP, Rajasthan, other large states led economic recovery in December
4 years ago

State Recovery Tracker: UP, Rajasthan, other large states led economic recovery in December

Live Mint  

India’s economic recovery appears to have picked up pace over the past few weeks, led by the largest states of the country. All four high-frequency indicators of economic activity considered in Mint’s monthly state recovery tracker showed an improvement in December, reversing the brief post-festival slowdown of November. Graphic Mint Mint’s state recovery tracker looks at the 12 largest state …

Economic recovery still dicey, key indicators remain dull in Nov
4 years ago

Economic recovery still dicey, key indicators remain dull in Nov

Live Mint  

The Indian economy remained in a slump in November as most high-frequency indicators failed to show any marked improvement. Nine out of a group of 16 such indicators considered in Mint’s monthly macro tracker remain in red, or below their five-year-average trend. Launched in October 2018, Mint’s macro tracker provides a monthly state-of-the-economy report based on trends in 16 high-frequency …

Economic recovery weakens after Diwali, Gujarat sees biggest slide
4 years, 1 month ago

Economic recovery weakens after Diwali, Gujarat sees biggest slide

Live Mint  

The Indian economy’s festival-driven economic recovery continued in early November but appeared to lose steam towards the second half of the month, shows Mint’s state recovery tracker. Public mobility in the six largest state economies of India reached 84% of pre-pandemic levels by Diwali on 14 November, but scaled back to 79% in the next two weeks, Google data shows. …

India's economy shows early signs of recovery
4 years, 4 months ago

India's economy shows early signs of recovery

India Today  

India’s economy is showing early signs of recovery four months after a strict lockdown was imposed in the country to contain the novel coronavirus outbreak. While imports in July are 70 per cent of last year’s level,” he said during the inaugural session of the India Virtual FMCG Supply Chain Expo 2020, organised by the Federation of Indian Chambers of …

Early signs of India economic recovery wane as coronavirus surges
4 years, 4 months ago

Early signs of India economic recovery wane as coronavirus surges

Live Mint  

India’s economic activity monitors are beginning to flatline just months after showing signs of returning to life. Latest data from Apple Inc. and Alphabet Inc.’s Google showed mobility suffered in recent weeks after notching up an increase since May, when Asia’s third-largest economy began exiting a nationwide lockdown to contain the coronavirus outbreak. More indicators The Nomura India Business Resumption …

State Recovery Tracker: Rajasthan, Delhi led economic recovery in July
4 years, 5 months ago

State Recovery Tracker: Rajasthan, Delhi led economic recovery in July

Live Mint  

In early June, the Centre left lockdown orders to the states with the hope to kickstart economic recovery. While the picture looked the brightest for Rajasthan and Delhi in July, it was a mixed bag for other large state economies, shows Mint’s new State Recovery Tracker. On electricity consumption, mid-sized and small-sized state economies managed to surpass the levels of …

Five states are leading Indian economy to recovery from lockdown
4 years, 7 months ago

Five states are leading Indian economy to recovery from lockdown

Live Mint  

Five Indian states contributing nearly 27% of the country’s gross domestic product are leading a recovery in the economy as it slowly emerges from the world’s biggest lockdown, a study by Elara Securities Inc. shows. Kerala, Punjab, Tamil Nadu, Haryana and Karnataka have seen a pickup in activity, based on an analysis of indicators such as power consumption, traffic movement, …

State finances show worrying trend: Report
5 years, 2 months ago

State finances show worrying trend: Report

Live Mint  

New Delhi: Reflecting slowdown in the economy, monthly finances of 17 state governments show worrying trend with total receipts growing only 4.1% in the first five months of the current fiscal, compared to same period a year ago. "For the first five months of FY20, while capital expenditure grew only 0.6% year-on-year, core revenue spending grew 7.6% YoY. Thus, total …

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