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Covid-19 crisis: Indian economy's road to recovery still has long way to go

Agriculture was expected to be the only silver lining in the economy in the current financial year

Covid-19 impact on sectors: A two-quarter wait before growth picks up
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There is a contraction in power demand year-on-year. Exports have also started reducing.

Indivjal Dhasmana New Delhi
Prime Minister Narendra Modi, in his recent remarks, said that green shoots have started appearing in the economy. He based his assessment on power consumption, fertiliser sales, kharif sowing, exports, and digital payments in retail among a few other developments. Adding some more parameters such as petrol consumption, purchasing manager's index for both manufacturing and services, and e-way bill generation shows a mixed bag for the economy. 

Fertiliser sales and kharif sowing show green shoots in the economy. However, agriculture was expected to be the only silver lining in the economy in the current financial year anyway. Generation of e-way

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First Published: Jun 20 2020 | 11:57 PM IST

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