GST) collections and electricity usage numbers in March.Yet, it is worth noting that the economic recovery still remains fragile and uneven, with several states still lagging behind considerably in economic activity.
Vehicle registration data for March shows a much sharper year-on-year decline than in February, suggesting that the optimistic wholesale dispatches for the month reported by leading auto firms need to be interpreted cautiously.
It also suggests that economic vulnerabilities persist, and may worsen if cases keep rising and mobility is restricted further.
Among large state economies, Tamil Nadu, Uttar Pradesh and West Bengal led economic recovery, Mint’s state recovery tracker shows.