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LATEST NEWS UPDATES | State Recovery Tracker: UP, Rajasthan, other large states led economic recovery in December -Tauseef Shahidi and Pooja Dantewadia

State Recovery Tracker: UP, Rajasthan, other large states led economic recovery in December -Tauseef Shahidi and Pooja Dantewadia

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published Published on Jan 5, 2021   modified Modified on Jan 6, 2021

-Livemint.com

Over 1.8 million vehicles were sold across India last month, 10 percent higher than December 2019, vehicle registration data suggests. This is the first time during the pandemic that vehicle registration data has shown a year-on-year increase

India’s economic recovery appears to have picked up pace over the past few weeks, led by the largest states of the country. All four high-frequency indicators of economic activity considered in Mint’s monthly state recovery tracker showed an improvement in December, reversing the brief post-festival slowdown of November.

The six largest state economies recorded about 87% of normal footfalls in public spaces, the best levels so far in the pandemic, shows Google data. These states—Maharashtra, Tamil Nadu, Uttar Pradesh, Karnataka, Gujarat, and West Bengal—account for half of India’s GDP, and their economic recovery will be key to the country’s economic revival. The rest of India, which contributes the other half of GDP, saw public mobility inch closer to normalcy (90%) by December-end.

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Livemint.com, 5 January, 2021, https://www.livemint.com/news/india/up-rajasthan-other-large-states-led-economic-recovery-in-december-11609747968478.html


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