Nirmal Bang: India's Economic Recovery Remains Steady, Hitting Neither The Brake Nor Accelerator
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Nirmal Bang Report
Early data for August 2020 indicate that 42.2% indicators were in the positive territory, up from the 30% suggested by the early indicators in July 2020.
Final data for July 2020 suggest that 34.69% indicators were in the positive territory.
Overall, the improvement in economic indicators is steady. Reflecting the relative resilience of the rural sector, tractor sales were very strong, up by 74.7% YoY.
Driven by the demand for personal mobility, two wheeler sales turned positive and were up by 3.2% YoY while passenger vehicle sales were up by 13.6% YoY.
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