India Gross Domestic Product (GDP) has grown at an altitude of the length of 20.1% in the first quarter of fiscal year 2021-2022.
Rise sharply, although mostly led by basic effects, is a good comeback from the contraction of the pandemic caused by Covid-19 of 24.4% in April-June last year.
The key now is to maintain this and make economic recovery more widely based.
Indicators move fast, fast and other data shows that recovery is on track.
But economists suggest certain important steps to keep this happen and to improve the quality of economic recovery to make it broader based.
Some high frequency economic indicators and other data do indeed show these bounces and show sustainable recovery.
Samples: Manufacturing PMI has bounced back, contraction in service has at a slower speed, the sale of passenger vehicles rose, the growth of power consumption increased to a height of 3-month, the GST collection has increased, the export of goods has increased throughout the high time, retail sales Vehicles rose, and 16 million jobs have been added in July.
The market looks optimistic with Sensex in general and equity mutual funds have seen the inflow of RS 22,583 Crore (highest since April 2019).
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GDP: What is the road ahead for sustainable recovery?
