Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 73
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::printArticle() - APP/Controller/ArtileDetailController.php, line 73
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Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 74
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::printArticle() - APP/Controller/ArtileDetailController.php, line 74
Cake\Controller\Controller::invokeAction() - CORE/src/Controller/Controller.php, line 610
Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120
Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94
Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\AssetMiddleware::__invoke() - CORE/src/Routing/Middleware/AssetMiddleware.php, line 88
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Warning (512): Unable to emit headers. Headers sent in file=/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php line=853 [CORE/src/Http/ResponseEmitter.php, line 48]
Code Context
            if (Configure::read('debug')) {

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&lt;p style=&quot;text-align:justify&quot;&gt;&lt;em&gt;After India&amp;rsquo;s economy collapsed in the first quarter of 2020-21 following the nationwide lockdown imposed to curb the COVID-19 pandemic, some economic indicators from September and October, from power consumption to GST collections, suggest that things are improving. But is this a sustainable recovery under way, or just an expression of pent-up demand combined with India&amp;rsquo;s festive-season spending? In a conversation moderated by Vikas Dhoot, Naushad Forbes and M. Govinda Rao throw light on the subject. Edited excerpts:&lt;/em&gt;&lt;/p&gt;

&lt;p style=&quot;text-align:justify&quot;&gt;&lt;em&gt;* How has the ground situation changed for industry since March when the lockdown was imposed?&lt;/em&gt;&lt;/p&gt;

&lt;p style=&quot;text-align:justify&quot;&gt;Naushad Forbes: Well, obviously, things have improved greatly. Our lockdowns were amongst the most stringent in the world, as we not only stopped most movement of people, but also of all logistics. I think we were probably unique in the world in stopping logistics as well as the movement of goods. And then, we also stopped most manufacturing, with the exception of essential supplies. Both those things were relatively unique, and it actually led to huge disruption in April. Companies across sectors saw a virtual stoppage in activity that continued into May.&lt;/p&gt;

&lt;p style=&quot;text-align:justify&quot;&gt;Towards the end of May, things started opening up. But because of the way in which we had done the lockdowns... it took a while to get things back to a relative degree of smoothness. It was only in the middle and end of June that companies really started getting back to some degree of normalcy. And that is the reason for the first quarter numbers of -24% in the GDP. Since then, things have been recovering.&lt;/p&gt;

&lt;p style=&quot;text-align:justify&quot;&gt;If you look at where we are now, a very different picture emerges, depending on which sector you talk of &amp;mdash; pharmaceuticals and chemicals, food and beverages, tractors, two-wheelers, consumer durables are all reporting good performance, with many firms reporting growth on last year&amp;rsquo;s average numbers. At the other end of the scale, you have sectors like travel and tourism, which are still struggling, with capacity utilisation numbers between 10% and 30%. They are a very long way from recovery. Construction and real estate are also struggling, as is retail. In the last month, because of the run-up to Diwali in the festive season, retail has seen some improvement, but that is concentrated in high-street stores, not shopping malls, as people are still afraid to go to shopping malls and wander around.&lt;/p&gt;

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                <p style="text-align:justify">-The Hindu</p><p style="text-align:justify"><em>After India&rsquo;s economy collapsed in the first quarter of 2020-21 following the nationwide lockdown imposed to curb the COVID-19 pandemic, some economic indicators from September and October, from power consumption to GST collections, suggest that things are improving. But is this a sustainable recovery under way, or just an expression of pent-up demand combined with India&rsquo;s festive-season spending? In a conversation moderated by Vikas Dhoot, Naushad Forbes and M. Govinda Rao throw light on the subject. Edited excerpts:</em></p><p style="text-align:justify"><em>* How has the ground situation changed for industry since March when the lockdown was imposed?</em></p><p style="text-align:justify">Naushad Forbes: Well, obviously, things have improved greatly. Our lockdowns were amongst the most stringent in the world, as we not only stopped most movement of people, but also of all logistics. I think we were probably unique in the world in stopping logistics as well as the movement of goods. And then, we also stopped most manufacturing, with the exception of essential supplies. Both those things were relatively unique, and it actually led to huge disruption in April. Companies across sectors saw a virtual stoppage in activity that continued into May.</p><p style="text-align:justify">Towards the end of May, things started opening up. But because of the way in which we had done the lockdowns... it took a while to get things back to a relative degree of smoothness. It was only in the middle and end of June that companies really started getting back to some degree of normalcy. And that is the reason for the first quarter numbers of -24% in the GDP. Since then, things have been recovering.</p><p style="text-align:justify">If you look at where we are now, a very different picture emerges, depending on which sector you talk of &mdash; pharmaceuticals and chemicals, food and beverages, tractors, two-wheelers, consumer durables are all reporting good performance, with many firms reporting growth on last year&rsquo;s average numbers. At the other end of the scale, you have sectors like travel and tourism, which are still struggling, with capacity utilisation numbers between 10% and 30%. They are a very long way from recovery. Construction and real estate are also struggling, as is retail. In the last month, because of the run-up to Diwali in the festive season, retail has seen some improvement, but that is concentrated in high-street stores, not shopping malls, as people are still afraid to go to shopping malls and wander around.</p><p style="text-align:justify">Please <a href="https://www.thehindu.com/opinion/op-ed/do-recent-indicators-hint-at-a-real-economic-revival/article33034269.ece?homepage=true" title="https://www.thehindu.com/opinion/op-ed/do-recent-indicators-hint-at-a-real-economic-revival/article33034269.ece?homepage=true">click here</a> to read more.</p>               </font>
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&lt;p style=&quot;text-align:justify&quot;&gt;&lt;em&gt;After India&amp;rsquo;s economy collapsed in the first quarter of 2020-21 following the nationwide lockdown imposed to curb the COVID-19 pandemic, some economic indicators from September and October, from power consumption to GST collections, suggest that things are improving. But is this a sustainable recovery under way, or just an expression of pent-up demand combined with India&amp;rsquo;s festive-season spending? In a conversation moderated by Vikas Dhoot, Naushad Forbes and M. Govinda Rao throw light on the subject. Edited excerpts:&lt;/em&gt;&lt;/p&gt;

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After India&rsquo;s economy collapsed in the first quarter of 2020-21 following the nationwide lockdown imposed to curb the COVID-19 pandemic, some economic indicators from September and October, from power consumption to GST collections, suggest that things are improving. But..."/>
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                <strong>Do recent indicators hint at a real economic revival? -Vikas Dhoot</strong></h1>
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                <p style="text-align:justify">-The Hindu</p><p style="text-align:justify"><em>After India&rsquo;s economy collapsed in the first quarter of 2020-21 following the nationwide lockdown imposed to curb the COVID-19 pandemic, some economic indicators from September and October, from power consumption to GST collections, suggest that things are improving. But is this a sustainable recovery under way, or just an expression of pent-up demand combined with India&rsquo;s festive-season spending? In a conversation moderated by Vikas Dhoot, Naushad Forbes and M. Govinda Rao throw light on the subject. Edited excerpts:</em></p><p style="text-align:justify"><em>* How has the ground situation changed for industry since March when the lockdown was imposed?</em></p><p style="text-align:justify">Naushad Forbes: Well, obviously, things have improved greatly. Our lockdowns were amongst the most stringent in the world, as we not only stopped most movement of people, but also of all logistics. I think we were probably unique in the world in stopping logistics as well as the movement of goods. And then, we also stopped most manufacturing, with the exception of essential supplies. Both those things were relatively unique, and it actually led to huge disruption in April. Companies across sectors saw a virtual stoppage in activity that continued into May.</p><p style="text-align:justify">Towards the end of May, things started opening up. But because of the way in which we had done the lockdowns... it took a while to get things back to a relative degree of smoothness. It was only in the middle and end of June that companies really started getting back to some degree of normalcy. And that is the reason for the first quarter numbers of -24% in the GDP. Since then, things have been recovering.</p><p style="text-align:justify">If you look at where we are now, a very different picture emerges, depending on which sector you talk of &mdash; pharmaceuticals and chemicals, food and beverages, tractors, two-wheelers, consumer durables are all reporting good performance, with many firms reporting growth on last year&rsquo;s average numbers. At the other end of the scale, you have sectors like travel and tourism, which are still struggling, with capacity utilisation numbers between 10% and 30%. They are a very long way from recovery. Construction and real estate are also struggling, as is retail. In the last month, because of the run-up to Diwali in the festive season, retail has seen some improvement, but that is concentrated in high-street stores, not shopping malls, as people are still afraid to go to shopping malls and wander around.</p><p style="text-align:justify">Please <a href="https://www.thehindu.com/opinion/op-ed/do-recent-indicators-hint-at-a-real-economic-revival/article33034269.ece?homepage=true" title="https://www.thehindu.com/opinion/op-ed/do-recent-indicators-hint-at-a-real-economic-revival/article33034269.ece?homepage=true">click here</a> to read more.</p>               </font>
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&lt;p style=&quot;text-align:justify&quot;&gt;If you look at where we are now, a very different picture emerges, depending on which sector you talk of &amp;mdash; pharmaceuticals and chemicals, food and beverages, tractors, two-wheelers, consumer durables are all reporting good performance, with many firms reporting growth on last year&amp;rsquo;s average numbers. At the other end of the scale, you have sectors like travel and tourism, which are still struggling, with capacity utilisation numbers between 10% and 30%. They are a very long way from recovery. Construction and real estate are also struggling, as is retail. In the last month, because of the run-up to Diwali in the festive season, retail has seen some improvement, but that is concentrated in high-street stores, not shopping malls, as people are still afraid to go to shopping malls and wander around.&lt;/p&gt;

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&lt;p style=&quot;text-align:justify&quot;&gt;&lt;em&gt;After India&amp;rsquo;s economy collapsed in the first quarter of 2020-21 following the nationwide lockdown imposed to curb the COVID-19 pandemic, some economic indicators from September and October, from power consumption to GST collections, suggest that things are improving. But is this a sustainable recovery under way, or just an expression of pent-up demand combined with India&amp;rsquo;s festive-season spending? In a conversation moderated by Vikas Dhoot, Naushad Forbes and M. Govinda Rao throw light on the subject. Edited excerpts:&lt;/em&gt;&lt;/p&gt;

&lt;p style=&quot;text-align:justify&quot;&gt;&lt;em&gt;* How has the ground situation changed for industry since March when the lockdown was imposed?&lt;/em&gt;&lt;/p&gt;

&lt;p style=&quot;text-align:justify&quot;&gt;Naushad Forbes: Well, obviously, things have improved greatly. Our lockdowns were amongst the most stringent in the world, as we not only stopped most movement of people, but also of all logistics. I think we were probably unique in the world in stopping logistics as well as the movement of goods. And then, we also stopped most manufacturing, with the exception of essential supplies. Both those things were relatively unique, and it actually led to huge disruption in April. Companies across sectors saw a virtual stoppage in activity that continued into May.&lt;/p&gt;

&lt;p style=&quot;text-align:justify&quot;&gt;Towards the end of May, things started opening up. But because of the way in which we had done the lockdowns... it took a while to get things back to a relative degree of smoothness. It was only in the middle and end of June that companies really started getting back to some degree of normalcy. And that is the reason for the first quarter numbers of -24% in the GDP. Since then, things have been recovering.&lt;/p&gt;

&lt;p style=&quot;text-align:justify&quot;&gt;If you look at where we are now, a very different picture emerges, depending on which sector you talk of &amp;mdash; pharmaceuticals and chemicals, food and beverages, tractors, two-wheelers, consumer durables are all reporting good performance, with many firms reporting growth on last year&amp;rsquo;s average numbers. At the other end of the scale, you have sectors like travel and tourism, which are still struggling, with capacity utilisation numbers between 10% and 30%. They are a very long way from recovery. Construction and real estate are also struggling, as is retail. In the last month, because of the run-up to Diwali in the festive season, retail has seen some improvement, but that is concentrated in high-street stores, not shopping malls, as people are still afraid to go to shopping malls and wander around.&lt;/p&gt;

&lt;p style=&quot;text-align:justify&quot;&gt;Please &lt;a href=&quot;https://www.thehindu.com/opinion/op-ed/do-recent-indicators-hint-at-a-real-economic-revival/article33034269.ece?homepage=true&quot;&gt;click here&lt;/a&gt; to read more.&lt;/p&gt;
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After India&rsquo;s economy collapsed in the first quarter of 2020-21 following the nationwide lockdown imposed to curb the COVID-19 pandemic, some economic indicators from September and October, from power consumption to GST collections, suggest that things are improving. But..."/>
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                <strong>Do recent indicators hint at a real economic revival? -Vikas Dhoot</strong></h1>
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                <p style="text-align:justify">-The Hindu</p><p style="text-align:justify"><em>After India&rsquo;s economy collapsed in the first quarter of 2020-21 following the nationwide lockdown imposed to curb the COVID-19 pandemic, some economic indicators from September and October, from power consumption to GST collections, suggest that things are improving. But is this a sustainable recovery under way, or just an expression of pent-up demand combined with India&rsquo;s festive-season spending? In a conversation moderated by Vikas Dhoot, Naushad Forbes and M. Govinda Rao throw light on the subject. Edited excerpts:</em></p><p style="text-align:justify"><em>* How has the ground situation changed for industry since March when the lockdown was imposed?</em></p><p style="text-align:justify">Naushad Forbes: Well, obviously, things have improved greatly. Our lockdowns were amongst the most stringent in the world, as we not only stopped most movement of people, but also of all logistics. I think we were probably unique in the world in stopping logistics as well as the movement of goods. And then, we also stopped most manufacturing, with the exception of essential supplies. Both those things were relatively unique, and it actually led to huge disruption in April. Companies across sectors saw a virtual stoppage in activity that continued into May.</p><p style="text-align:justify">Towards the end of May, things started opening up. But because of the way in which we had done the lockdowns... it took a while to get things back to a relative degree of smoothness. It was only in the middle and end of June that companies really started getting back to some degree of normalcy. And that is the reason for the first quarter numbers of -24% in the GDP. Since then, things have been recovering.</p><p style="text-align:justify">If you look at where we are now, a very different picture emerges, depending on which sector you talk of &mdash; pharmaceuticals and chemicals, food and beverages, tractors, two-wheelers, consumer durables are all reporting good performance, with many firms reporting growth on last year&rsquo;s average numbers. At the other end of the scale, you have sectors like travel and tourism, which are still struggling, with capacity utilisation numbers between 10% and 30%. They are a very long way from recovery. Construction and real estate are also struggling, as is retail. In the last month, because of the run-up to Diwali in the festive season, retail has seen some improvement, but that is concentrated in high-street stores, not shopping malls, as people are still afraid to go to shopping malls and wander around.</p><p style="text-align:justify">Please <a href="https://www.thehindu.com/opinion/op-ed/do-recent-indicators-hint-at-a-real-economic-revival/article33034269.ece?homepage=true" title="https://www.thehindu.com/opinion/op-ed/do-recent-indicators-hint-at-a-real-economic-revival/article33034269.ece?homepage=true">click here</a> to read more.</p>               </font>
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<p style="text-align:justify"><em>After India&rsquo;s economy collapsed in the first quarter of 2020-21 following the nationwide lockdown imposed to curb the COVID-19 pandemic, some economic indicators from September and October, from power consumption to GST collections, suggest that things are improving. But is this a sustainable recovery under way, or just an expression of pent-up demand combined with India&rsquo;s festive-season spending? In a conversation moderated by Vikas Dhoot, Naushad Forbes and M. Govinda Rao throw light on the subject. Edited excerpts:</em></p>

<p style="text-align:justify"><em>* How has the ground situation changed for industry since March when the lockdown was imposed?</em></p>

<p style="text-align:justify">Naushad Forbes: Well, obviously, things have improved greatly. Our lockdowns were amongst the most stringent in the world, as we not only stopped most movement of people, but also of all logistics. I think we were probably unique in the world in stopping logistics as well as the movement of goods. And then, we also stopped most manufacturing, with the exception of essential supplies. Both those things were relatively unique, and it actually led to huge disruption in April. Companies across sectors saw a virtual stoppage in activity that continued into May.</p>

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<p style="text-align:justify">If you look at where we are now, a very different picture emerges, depending on which sector you talk of &mdash; pharmaceuticals and chemicals, food and beverages, tractors, two-wheelers, consumer durables are all reporting good performance, with many firms reporting growth on last year&rsquo;s average numbers. At the other end of the scale, you have sectors like travel and tourism, which are still struggling, with capacity utilisation numbers between 10% and 30%. They are a very long way from recovery. Construction and real estate are also struggling, as is retail. In the last month, because of the run-up to Diwali in the festive season, retail has seen some improvement, but that is concentrated in high-street stores, not shopping malls, as people are still afraid to go to shopping malls and wander around.</p>

<p style="text-align:justify">Please <a href="https://www.thehindu.com/opinion/op-ed/do-recent-indicators-hint-at-a-real-economic-revival/article33034269.ece?homepage=true">click here</a> to read more.</p>
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<p style="text-align:justify"><em>After India&rsquo;s economy collapsed in the first quarter of 2020-21 following the nationwide lockdown imposed to curb the COVID-19 pandemic, some economic indicators from September and October, from power consumption to GST collections, suggest that things are improving. But is this a sustainable recovery under way, or just an expression of pent-up demand combined with India&rsquo;s festive-season spending? In a conversation moderated by Vikas Dhoot, Naushad Forbes and M. Govinda Rao throw light on the subject. Edited excerpts:</em></p>

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<p style="text-align:justify">Naushad Forbes: Well, obviously, things have improved greatly. Our lockdowns were amongst the most stringent in the world, as we not only stopped most movement of people, but also of all logistics. I think we were probably unique in the world in stopping logistics as well as the movement of goods. And then, we also stopped most manufacturing, with the exception of essential supplies. Both those things were relatively unique, and it actually led to huge disruption in April. Companies across sectors saw a virtual stoppage in activity that continued into May.</p>

<p style="text-align:justify">Towards the end of May, things started opening up. But because of the way in which we had done the lockdowns... it took a while to get things back to a relative degree of smoothness. It was only in the middle and end of June that companies really started getting back to some degree of normalcy. And that is the reason for the first quarter numbers of -24% in the GDP. Since then, things have been recovering.</p>

<p style="text-align:justify">If you look at where we are now, a very different picture emerges, depending on which sector you talk of &mdash; pharmaceuticals and chemicals, food and beverages, tractors, two-wheelers, consumer durables are all reporting good performance, with many firms reporting growth on last year&rsquo;s average numbers. At the other end of the scale, you have sectors like travel and tourism, which are still struggling, with capacity utilisation numbers between 10% and 30%. They are a very long way from recovery. Construction and real estate are also struggling, as is retail. In the last month, because of the run-up to Diwali in the festive season, retail has seen some improvement, but that is concentrated in high-street stores, not shopping malls, as people are still afraid to go to shopping malls and wander around.</p>

<p style="text-align:justify">Please <a href="https://www.thehindu.com/opinion/op-ed/do-recent-indicators-hint-at-a-real-economic-revival/article33034269.ece?homepage=true">click here</a> to read more.</p>
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$metaTitle = 'LATEST NEWS UPDATES | Do recent indicators hint at a real economic revival? -Vikas Dhoot'
$metaKeywords = 'Economic Growth,GDP Growth,GST Collection,Logistics,Real Estate,Construction Sector,Lockdown,Covid-19'
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After India&rsquo;s economy collapsed in the first quarter of 2020-21 following the nationwide lockdown imposed to curb the COVID-19 pandemic, some economic indicators from September and October, from power consumption to GST collections, suggest that things are improving. But...'
$disp = '<p style="text-align:justify">-The Hindu</p><p style="text-align:justify"><em>After India&rsquo;s economy collapsed in the first quarter of 2020-21 following the nationwide lockdown imposed to curb the COVID-19 pandemic, some economic indicators from September and October, from power consumption to GST collections, suggest that things are improving. But is this a sustainable recovery under way, or just an expression of pent-up demand combined with India&rsquo;s festive-season spending? In a conversation moderated by Vikas Dhoot, Naushad Forbes and M. Govinda Rao throw light on the subject. Edited excerpts:</em></p><p style="text-align:justify"><em>* How has the ground situation changed for industry since March when the lockdown was imposed?</em></p><p style="text-align:justify">Naushad Forbes: Well, obviously, things have improved greatly. Our lockdowns were amongst the most stringent in the world, as we not only stopped most movement of people, but also of all logistics. I think we were probably unique in the world in stopping logistics as well as the movement of goods. And then, we also stopped most manufacturing, with the exception of essential supplies. Both those things were relatively unique, and it actually led to huge disruption in April. Companies across sectors saw a virtual stoppage in activity that continued into May.</p><p style="text-align:justify">Towards the end of May, things started opening up. But because of the way in which we had done the lockdowns... it took a while to get things back to a relative degree of smoothness. It was only in the middle and end of June that companies really started getting back to some degree of normalcy. And that is the reason for the first quarter numbers of -24% in the GDP. Since then, things have been recovering.</p><p style="text-align:justify">If you look at where we are now, a very different picture emerges, depending on which sector you talk of &mdash; pharmaceuticals and chemicals, food and beverages, tractors, two-wheelers, consumer durables are all reporting good performance, with many firms reporting growth on last year&rsquo;s average numbers. At the other end of the scale, you have sectors like travel and tourism, which are still struggling, with capacity utilisation numbers between 10% and 30%. They are a very long way from recovery. Construction and real estate are also struggling, as is retail. In the last month, because of the run-up to Diwali in the festive season, retail has seen some improvement, but that is concentrated in high-street stores, not shopping malls, as people are still afraid to go to shopping malls and wander around.</p><p style="text-align:justify">Please <a href="https://www.thehindu.com/opinion/op-ed/do-recent-indicators-hint-at-a-real-economic-revival/article33034269.ece?homepage=true" title="https://www.thehindu.com/opinion/op-ed/do-recent-indicators-hint-at-a-real-economic-revival/article33034269.ece?homepage=true">click here</a> to read more.</p>'
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Do recent indicators hint at a real economic revival? -Vikas Dhoot

-The Hindu After India’s economy collapsed in the first quarter of 2020-21 following the nationwide lockdown imposed to curb the COVID-19 pandemic, some economic indicators from September and October, from power consumption to GST collections, suggest that things are improving. But is this a sustainable recovery under way, or just an expression of pent-up demand combined with India’s festive-season spending? In a conversation moderated by Vikas Dhoot, Naushad Forbes and M. Govinda Rao throw light on the subject. Edited excerpts: * How has the ground situation changed for industry since March when the lockdown was imposed? Naushad Forbes: Well, obviously, things have improved greatly. Our lockdowns were amongst the most stringent in the world, as we not only stopped most movement of people, but also of all logistics. I think we were probably unique in the world in stopping logistics as well as the movement of goods. And then, we also stopped most manufacturing, with the exception of essential supplies. Both those things were relatively unique, and it actually led to huge disruption in April. Companies across sectors saw a virtual stoppage in activity that continued into May. Towards the end of May, things started opening up. But because of the way in which we had done the lockdowns... it took a while to get things back to a relative degree of smoothness. It was only in the middle and end of June that companies really started getting back to some degree of normalcy. And that is the reason for the first quarter numbers of -24% in the GDP. Since then, things have been recovering. If you look at where we are now, a very different picture emerges, depending on which sector you talk of — pharmaceuticals and chemicals, food and beverages, tractors, two-wheelers, consumer durables are all reporting good performance, with many firms reporting growth on last year’s average numbers. At the other end of the scale, you have sectors like travel and tourism, which are still struggling, with capacity utilisation numbers between 10% and 30%. They are a very long way from recovery. Construction and real estate are also struggling, as is retail. In the last month, because of the run-up to Diwali in the festive season, retail has seen some improvement, but that is concentrated in high-street stores, not shopping malls, as people are still afraid to go to shopping malls and wander around. Please click here to read more.