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Covid-19 Second Wave: How Badly Was The Economy Hurt In May?
Real economy indicators continued to weaken in May. But are there early signs of bottoming out?
02 Jun 2021, 01:52 PM IST
Real economy indicators continued to weaken in May as more states went into lockdowns and spreading infections made it tougher to keep businesses going.Monthly indicators available so far such as electricity consumption and e-way bill collections, show that economic activity weakened in May compared to April. Some indicators like rail freight continued to hold up.To be sure, most indicators are still above levels seen in April and Ma...
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