India Economy Update - Improvement Across Industry Indicators: Systematix
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Systematix Research Report
India’s weekly ultra-high frequency indicators suggest that the economy continues to recuperate at a fast pace as Covid-19 infections and restrictions subside.
Total e-way bills are up 19% from May 2021 and 9.3% YoY.
India’s overall electricity consumption has improved sequentially in June 2021 but it is still below the 2019 levels.
Grocery and pharmacy mobility has bounced back to the levels seen in early April 2021, whereas retail and recreation mobility activities (though 31 points below the baseline) have improved sequentially for the fourth week.
Vehicle registrations at an all-India level in June-21 (till 28th) stood at 10.7 lakhs, double from the May-21 print and up 7.1% from Jun-20.
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