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 the year-ago period, data from the National Load Despatch Centre showed. Though still in negative territory, the national figure reflects a recovery since June, when power consumption was 11% lower than the year-ago period. For other large state economies, mainly Delhi, Gujarat and Telangana, economic recovery could pick up pace.

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History of this topic

Indian GDP likely boosted in July-Sept as lockdowns lifted: Report
3 years, 1 month ago

Indian GDP likely boosted in July-Sept as lockdowns lifted: Report

India Today  

India's economic recovery likely strengthened in the previous quarter, boosted by services activity that recovered after pandemic-related mobility restrictions were eased, a Reuters poll of economists found. Relative control over new infections, and a large increase in vaccination helped improve services activity," wrote Rahul Bajoria, chief India economist at Barclays. "It is a rough road ahead for the economic recovery, …

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 …

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 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. …

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 …

Explained: Why India needs more than a V-shaped recovery to beat Covid-19 slowdown
4 years, 3 months ago

Explained: Why India needs more than a V-shaped recovery to beat Covid-19 slowdown

India Today  

Smarting under scathing criticism from the Opposition over historic contraction of the Indian economy in April-June 2020-21 quarter, the government has appeared to be championing a V-shaped growth projection. READ | Covid-19 may leave ‘permanent scar’ on India’s growth, show agency outlooks on GDP A majority of global ratings agencies and economists are concerned about the Indian economy’s long-term health. …

Finally, it falls to the farmer to rescue India\'s parlous GDP
4 years, 4 months ago

Finally, it falls to the farmer to rescue India\'s parlous GDP

Deccan Chronicle  

New Delhi: The release of GDP data for the corona-disrupted first quarter of 2020-21 on Monday came as a shocker despite the foreboding there had been for weeks earlier. "We are witnessing a V-shaped recovery as the economy unlocks E-way bills at 99.9 per cent vs August last year despite local lockdowns. As per the data, manufacturing has entered recession …

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 …

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, …

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