I have a gut feeling that Indian Economy will bounce back much faster and strongly from the impact of the pandemic than what the current imdicators would lead us to believe.
The GST collection is close to 90% of the avg monthly collection in pre-COVID19 era.
It is in fact 91% of the June 2019 collection figure.
And we haven't fully unlocked yet.
It is in fact 91% of the June 2019 collection figure.
And we haven't fully unlocked yet.
Rural economy is showing strong indications. Tractor sale was up even in month of May Y-o-Y.
In other news I saw elsewhere, the Rural unemployment has actually dropped below the pre-COVID19 unemployment % number.
In other news I saw elsewhere, the Rural unemployment has actually dropped below the pre-COVID19 unemployment % number.
Petrolium consumption, another key indicator of Economic activity, for Jun 2020 is at 88% of that in June 2019.
