Amid pandemic V-shaped economic recovery is expected by few

Amid pandemic V-shaped economic recovery is expected by few

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The ongoing pandemic has led to the contraction of the GDP by 23.9% during the April-June quarter, resulting to the struggling economy and market in the last few months. This year from April to May, when everything was under strict lockdown a major decline was seen in the country’s economy. Amid the situation, a V-shaped improvement in the economy is being witnessed, in some of the sectors.

As per Chief Economic Adviser, K.V. Subramanian, railway freight traffic and electricity consumption can be seen as the indicators of the economic recovery in the country. If we look at the electricity consumption it is only 1.9% less than that of the last year for the same duration and the railway freight has achieved the 95% of the previous year’s July month’s traffic. Along with this the infrastructure and the agricultural sector is also witnessing an increase with the passing time.

Read More at The Economic Times

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