Here are 10 signs that show India's economy is recovering fast.
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COVID active cases decline from over 10 lakh to 4.89 lakh active cases with Case Fatality Rate (CRR) at 1.47 per cent.
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Composite Purchase Managers Index (PMI) rose to 58.9 in Oct vs. 54.6 last month, registering the most substantial increase in output in close to nine years.
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Energy consumption growth trended higher in October at 12% YoY.
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GST collections for October grossed Rs 1.05 lakh crore - 10% YoY
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Daily railway freight tonnage grew by an average 20% YoY vs 12% in the previous week.
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Bank credit YoY growth improved by 5.1% on 23rd October'20.
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Markets at record high, record market capitalization, FPIs net investments +ve, Fores Reserves - USD 560 billion
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FDI inflows Apr-August at USD 35.37 billion - 13% rise YoY
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RBI predicts a substantial likelihood of Indian economy returning to positive growth in Q3:2020-21, ahead by a quarter of earlier forecast.
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Prominent economists have suggested that the rebound is not only due to pent up demand, but also substantial economic growth.
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