Economy review of FY21' 1st half: Is India on recovery path?
Economy review of FY21' 1st half: Is India on recovery path?
Last Updated : Oct 05 2020 | 9:01 PM IST
Much of the recent data has raised hopes of India's economic revival. GST collection was not only the highest in seven months at over Rs 95,000 crore in September but also higher by 4 per cent over the mop-up in the same month last year. Similar was the case with exports, which rose 5 per cent in September year-on-year, representing the first growth in outbound shipment in seven months. The other indicators such as fertiliser sales, the purchasing managers’ index (PMI) for manufacturing, peak power consumption growth, car sales — all point to economic recovery. So are they making up for whatever has been lost? Is Indian economy showing signs of economic recovery? Let's find out.