Nirmal Bang: India Macro Meter - Economic Activity Holds Up; But No Further Acceleration
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Nirmal Bang Report
Early data for October 2020 indicate that 57.6% indicators were in the positive territory, unchanged from September 2020.
Final data for September-20 suggest that 59.18% indicators were in the positive territory.
The recovery witnessed in September and October is partially on account of a low base (only 34% of indicators in September 2019 and 32% of indicators in October 2019 were in the positive territory), helped by pent-up demand, normalisation of supply and a good festive season.
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