NEW DELHI : Traffic congestion, power generation, port activity, vehicle registration and other high-frequency data point to the economy perking up as India reopens, recovering from a devastating slump as factories went idle and people were ordered to stay at home amid the coronavirus pandemic.
The evidence is tentative, but the economy appears to be gaining some momentum as India emerges from one of the world’s most stringent national lockdowns.
It is, however, unclear whether the current pent-up demand after a two-month lockdown will sustain as joblessness and pay cuts have been widespread.
Still, there has been a marked sequential improvement in demand-side indicators such as auto sales and electronic permits raised by businesses for