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Nirmal Bang Report
Early data for October 2021 indicate that 71.9% of indicators were in the positive territory on YoY basis, down from 78.1% in September 2021. However, final data for Sept-21 indicate that only 68.9% indicators were in the positive territory.
Around 80% indicators (where two-year compound annual growth rate can be calculated) were above the pre-pandemic level in October-21, up from 65.7% in Sept-21.
On a sequential basis, growth witnessed a pick up, with 78.1% indicators in the positive territory in Oct-21, up from 71.9% in Sept-21. However, final data for Sept-21 indicate that only 60.4% indicators were in the positive territory.
Supported by continued opening up, urban unemployment fell to 7.4% in Oct-21 from 8.6% in Sept-21.
Rural unemployment however rose to 7.9% in Oct-21 from 6.1% in Sept-21. We continue to see signs of waning rural growth.
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