economy from the second wave of the pandemic is fueling hopes of a faster recovery in coming months. Data due August 31. will likely show gross domestic product expanded 21% in the April to June quarter from a year ago.
That is thanks mainly to a favorable base effect, with activity last year coming to a halt owing to a nationwide lockdown to control the virus’s spread. Here are the details of the dashboard for July: Business Activity Factory managers in India saw a surge in activity in July, reflecting a pick up in orders as pandemic curbs were lifted.
A similar survey of services’ purchasing managers showed improvement, although the reading remained below the 50 level that divides contraction and expansion.