Indian Economy Recovering Fast, All Parameters Show Improvement: DEA Secretary Tarun Bajaj
News 18Indian economy is recovering fast and will soon be back on rails as all the parameters have started showing improvement, Finance Secretary Tarun Bajaj said on Tuesday. Last month, the International Monetary Fund said the Indian economy, severely hit by the coronavirus pandemic, is projected to contract by a massive 10.3 per cent this year. The power consumption in the month of October is 12.10 per cent more than October 2019, which is a signal of economic activity.” Similarly the value of E-way bills has gone up almost 19 per cent in the month of October, it is valued at 16.82 lakh crore and the railway freight is up by 15.5 per cent in September and almost 14 per cent in October, he said. Credit growth, he said, has seen some improvement by registering a growth of 5.8 per cent in October as compared to 5.3 per cent in September.