Economy

Indian economic indices have risen in all but one of the 22 categories, indicating a healthy recovery.


Despite the destruction wreaked by the epidemic, the Indian economy is exhibiting significant indications of recovery, with 19 of the 22 economic indices reporting increases above pre-Covid levels.


Despite the destruction wreaked by the epidemic, the Indian economy is exhibiting significant indications of recovery, with 19 of the 22 economic indices reporting increases above pre-Covid levels.

Since the first instance of COVID-19 was reported in India in January 2020, high-frequency indicators (HFIs) have been studied to follow the country’s economic recovery.

Complete recovery has been achieved in respect of the 22 HFIs, according to the most recent information.


Since the first instance of COVID-19 was reported in India in January 2020, high-frequency indicators (HFIs) have been studied to follow the country’s economic recovery.

Nineteen out of 22 HFIs have reached complete recovery, according to official sources, since their September, October, and November levels this year are more significant than their pre-pandemic levels were in the same three months of 2019.

E-way bill by volume, merchandize exports, coal production, and rail freight traffic are some of the 19 HFIs that show that not only has the recovery been completed but that the economy is currently gaining pace above pre-pandemic output levels.

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As newly revealed GDP estimates for Q2 2021-22 indicate, the output level is greater than the pre-pandemic level of Q2 2019-20’s production in real terms, with an annual growth rate of 8.4%.
Electronic Toll Collection (ETC) volumes of Rs 108.2 crore in October were 157 per cent of the pre-Covid levels of 2019, while UPI volumes of Rs 421.9 crore are almost four times the pre-Covid levels.


Nineteen out of 22 HFIs have reached complete recovery, according to official sources, since their September, October, and November levels this year are more significant than their pre-pandemic levels were in the same three months of 2019. E-way bill by volume, merchandize exports, coal production, and rail freight traffic are some of the 19 HFIs that show that not only has the recovery been completed but that the economy is currently gaining pace above pre-pandemic output levels.

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As newly revealed GDP estimates for Q2 2021-22 indicate, the output level is greater than the pre-pandemic level of Q2 2019-20’s production in real terms, with an annual growth rate of 8.4%. Electronic Toll Collection (ETC) volumes of Rs 108.2 crore in October were 157 per cent of the pre-Covid levels of 2019, while UPI volumes of Rs 421.9 crore are almost four times the pre-Covid levels.

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Imports of goods were USD 55.4 billion in October, 146% more than in 2019. This month’s e-way bill volume was 7.4 crore, an increase of more than a quarter. According to the latest figures, more than 114.1 million tonnes of coal were produced in September, and rail freight traffic increased by 125%.

It was reported that pre-Covid levels had been surpassed in the sales of fertilizers, electricity consumption, tractor sales, cement output, port cargo traffic, fuel consumption, air freight, the IIP, and the eight essential industries. Steel consumption, which in October was 99 per cent of what it was in 2019, domestic vehicle sales, which were 86% of what they were before the Covid outbreak, and air passenger traffic, which was 66% of what it was in 2019, are the only areas that have not yet returned to their pre-pandemic levels.

economic


Imports of goods were USD 55.4 billion in October, 146% more than in 2019. This month’s e-way bill volume was 7.4 crore, an increase of more than a quarter.

According to the latest figures, more than 114.1 million tonnes of coal were produced in September, and rail freight traffic increased by 125%.

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It was reported that pre-Covid levels had been surpassed in the sales of fertilizers, electricity consumption, tractor sales, cement output, port cargo traffic, fuel consumption, air freight, the IIP, and the eight essential industries.

Steel consumption, which in October was 99 per cent of what it was in 2019, domestic vehicle sales, which were 86% of what they were before the Covid outbreak, and air passenger traffic, which was 66% of what it was in 2019, are the only areas that have not yet returned to their pre-pandemic levels.

edited and proofread by nikita sharma

aadhya

Journalism student with a keen interest in Business world

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