Barge of economic data in September points to a steady recovery in almost all sectors, while asserting that with India unlocking every day, demand resurgence is palpable across segments, the report further said.
The finance ministry said in a report that India may have crossed the Covid-19 peak, caseload data for the 14-day period from September 17 to 30 suggests. It also cautioned that the disease was far from over and urged all stakeholders to push for economic recovery as the positivity rate improves.
During this period, the seven-day moving average of daily positive cases had steadily declined from about 93,000 to 83,000 while the seven-day moving average of daily tests rose from about 1,15,000 to 1,24,000.
āYet, the declining positivity rate at all-India level sets the stage to further push up the frontiers of economic recovery. For this, all stakeholders need to get into the act as remaining restrictions on access and mobility are further eased. More than āsocial distancingā it is āself-protection with due precautionsā that better fits into the context of ājaan bhi aur jahaan bhiā,ā Finance Ministry’s monthly report for September said.
Barge of economic data in September points to a steady recovery in almost all sectors, while asserting that with India unlocking every day, demand resurgence is palpable across segments, the report further said.
āEconomic indicators allude to a steady recovery in almost all sectors, with some sectors shooting above their previous-year levels as well. This is despite headwinds of increasing Covid cases in non-metro cities and rural areas and rising food prices. Positive results from the implementation of the Aatmanirbhar Bharat (AB) package and unlocking of the economy are evident in Indiaās high-frequency real sector indicators of September,ā the monthly review by Finance Ministry for September said.
The Indian economy has been affected badly by the coronavirus pandemic. The subsequent lockdown ensured that many in unorganised sectors and small & medium industries lost their jobs, shut businesses, or suffered economic blowback. The government is trying to unlock the imposed restrictions to get India economy back on track while following necessary protocols to control the spread of disease.
As an independent media platform, we do not take advertisements from governments and corporate houses. It is you, our readers, who have supported us on our journey to do honest and unbiased journalism. Please contribute, so that we can continue to do the same in future.
