New Delhi: Indian Economy With 19 out of 22 economic indicators rising compared to pre-Covid levels, showing strong signs of recovery from the devastation caused by the pandemic.
The High Frequency Indicator (HFI) is being monitored to track the progress of economic recovery In India since the first Covid-19 case was reported in the country in January 2020.
Latest information indicates that among 22 HFIs, full recovery has been achieved in respect of 19 HFIs, as their latest levels in the months of September, October and November this year are higher than their pre-pandemic levels in the corresponding months of 2019. Is. Official sources said.
Among the 19 HFIs, there are some indicators whose realization is more than 100 per cent, such as e-way bill volume, merchandise exports, coal production and rail freight traffic, which indicate that not only is the recovery complete, economic growth is now production is gaining momentum at pre-pandemic levels.
This is corroborated by the recently released GDP estimates for the second quarter (July-September) of 2021-22, with year-on-year growth of 8.4 per cent in real terms, pushing the production levels to the pre-pandemic levels of the second quarter. Takes more than the level. Production in 2019-20
The electronic toll collection (ETC) in October stood at Rs 108.2 crore, which was 157 per cent of the pre-Covid levels of 2019, almost four times the UPI volume at 421.9 crore.
Merchandise imports of $55.4 billion in October are 146% of 2019 levels. The volume of e-way bills more than doubled to 7.4 crore in October.
Coal production rose 131 percent to 114.1 million tonnes in September, while rail freight increased by 125 percent.
Fertilizer sales, power consumption, tractor sales, cement production, port cargo traffic, fuel consumption, air cargo, IIP and 8-core industries are all above pre-Covid levels, he said.
The only sectors that are yet to touch pre-pandemic levels are steel consumption which is 99 per cent of 2019 levels in October, domestic auto sales which is 86 per cent of pre-Covid levels and air passenger traffic which is at 86 per cent of pre-Covid levels. 66 percent is October 2019 vol.
The High Frequency Indicator (HFI) is being monitored to track the progress of economic recovery In India since the first Covid-19 case was reported in the country in January 2020.
Latest information indicates that among 22 HFIs, full recovery has been achieved in respect of 19 HFIs, as their latest levels in the months of September, October and November this year are higher than their pre-pandemic levels in the corresponding months of 2019. Is. Official sources said.
Among the 19 HFIs, there are some indicators whose realization is more than 100 per cent, such as e-way bill volume, merchandise exports, coal production and rail freight traffic, which indicate that not only is the recovery complete, economic growth is now production is gaining momentum at pre-pandemic levels.
This is corroborated by the recently released GDP estimates for the second quarter (July-September) of 2021-22, with year-on-year growth of 8.4 per cent in real terms, pushing the production levels to the pre-pandemic levels of the second quarter. Takes more than the level. Production in 2019-20
The electronic toll collection (ETC) in October stood at Rs 108.2 crore, which was 157 per cent of the pre-Covid levels of 2019, almost four times the UPI volume at 421.9 crore.
Merchandise imports of $55.4 billion in October are 146% of 2019 levels. The volume of e-way bills more than doubled to 7.4 crore in October.
Coal production rose 131 percent to 114.1 million tonnes in September, while rail freight increased by 125 percent.
Fertilizer sales, power consumption, tractor sales, cement production, port cargo traffic, fuel consumption, air cargo, IIP and 8-core industries are all above pre-Covid levels, he said.
The only sectors that are yet to touch pre-pandemic levels are steel consumption which is 99 per cent of 2019 levels in October, domestic auto sales which is 86 per cent of pre-Covid levels and air passenger traffic which is at 86 per cent of pre-Covid levels. 66 percent is October 2019 vol.
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