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India Economy Update - Improvement Across Industry Indicators: Systematix

India Economy Update - Improvement Across Industry Indicators: Systematix

<div class="paragraphs"><p>Customers sit outside a store preparing to close-up a store during lockdown restrictions in Mumbai, India. (Photographer: Dhiraj Singh/Bloomberg).</p></div>
Customers sit outside a store preparing to close-up a store during lockdown restrictions in Mumbai, India. (Photographer: Dhiraj Singh/Bloomberg).

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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