COVID | Economics & Growth | Emerging Markets
India: Reopening 2.0 Stays on Track
- By Mirza Baig
- 2 min read
India’s second re-opening is proceeding well. The pickup in activity is becoming broader based, while active Covid cases remain stable (Chart 1).
High-frequency indicators including GST collection, manufacturing PMIs, vehicle sales and power demand all improved in July relative to June. This normalization momentum will likely continue, supported by pent-up demand, increased vaccination, and high herd immunity attained through the pervasive outbreak in early summer.
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