India Economy Update - Improvement Across Industry Indicators: Systematix

Customers sit outside a store preparing to close-up a store during lockdown restrictions in Mumbai, India. (Photographer: Dhiraj Singh/Bloomberg).

India Economy Update - Improvement Across Industry Indicators: Systematix

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

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.

Click on the attachment to read the full report:

Systematix Economy Update.pdf

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This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.

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