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 economies individually, and clubs mid-sized economies and small ones. Within the largest state economies, Uttar Pradesh, Rajasthan, West Bengal, and Andhra Pradesh saw faster recovery. The smallest state economies saw faster vehicle sales growth compared to medium sized and the six biggest states.

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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, …

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 …

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 …

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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