The June recovery and beyond

Topics MGNREGA | unemployment | Coronavirus

Plenty of fast-frequency data from official sources confirm the partial recovery of the economy in June that we had seen coming in the weekly estimates of India’s labour markets. It was not just the Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS) spending by the government or the southwest monsoon and kharif sowing data which we had used to explain the recovery of June in rural India that confirms the dramatic recovery. It is also evident by now in the data on consumption of energy sources and in the movement of industrial goods on railways and across major ports. .....

Business Standard is now on Telegram.
For insightful reports and views on business, markets, politics and other issues, subscribe to our official Telegram channel
Key stories on business-standard.com are available to premium subscribers only.

Already a premium subscriber?

Subscribe to get an across device (Website, Mobile Web, Iphone, Ipad, and Android Phone applications) access to Premium content, Breaking News alerts, Industry Newsletters, Stock and Corporate news alerts, access to Archives and a lot more.