• About us
  • Columnists
  • Careers
  • Brand Partnerships
  • rightlog is now TFIPOST
TFI Official Merchandise
हिन्दी
Tuesday, January 19, 2021
TFIPOST
  • Politics
    • All
    • Analysis
    • Opinions
    • Trending
    Khalsa Aid, Nobel Prize

    Khalistan supporter Khalsa Aid is nominated for Nobel Peace Prize. This is not fake news

    Yogi, Tandav, Anti-Hindu

    Yogi begins crackdown on the cast and crew of the anti-Hindu series ‘Tandav’

    Amazon, I&B Ministry, Tandav

    The era of anti-Hindu web series is officially over as Amazon gets summoned by I&B Ministry

    Sibal, Congress

    Kapil Sibal is a heartbroken man after Congress denies him a chance of being the party president

    • Analysis
    • Opinions
    • Trending
  • Economy
    • All
    • Business
    • Economy1
    • Finance
    Bengaluru, IT Sector, tech

    Bengaluru leaves behind London and many other European cities to become the leading tech hub

    Indian rice, import

    From Southeast Asia to Europe: The World is hungry for Indian Rice and India is ready to feed them

    stock, Modi, economy

    Indian stock market adds $1.3 trillion in just nine months, thanks to the reforms

    India, Economy, United Nation

    ‘India’s economy is set to have a great year,’ the United Nations places its bets on the Indian economy

    • Business
    • Finance
  • Defense
    • All
    • Defence
    • Strategy
    • Weaponry
    india indian army ladakh drones

    Amid standoff with China, India puts the Ladakh region under drone surveillance. More Made-In-India drones to follow

    drdo

    For 6 decades DRDO was not up to the mark. Today it is making one missile after another. What really changed

    ghatak drone

    GHATAK- How India’s stealth combat drone programme promises to make it a military superpower

    Turkey, US, Russia

    Turkey may be sanctioned by US for using F-16s as target practice for Russian S-400s

    • Defence
    • Strategy
    • Weaponry
  • Geopolitics
    • All
    • Africa
    • Americas
    • Asia Pacific
    • Europe
    • South Asia
    • West Asia
    UK, India, G7

    Ahead of Biden presidency, UK invites India to G7 summit amid talks of expansion

    India, China, Al-Qaeda

    China stops India from heading Al-Qaeda sanctions committee that would have given it immense leverage over Pakistan

    Africa, India, Chinese, vaccine

    As Africa distrusts the Chinese vaccine, India has the golden opportunity and the perfect resources to expand its soft power

    France, India, EU

    France invites India to join European naval missions in the Persian Gulf, the most important oil route in the world

    • Africa
    • Americas
    • Asia Pacific
    • Europe
    • South Asia
    • West Asia
  • Knowledge
    • All
    • Culture
    • History
    • Indology
    sister nivedita

    Sister Nivedita – The friend of all

    Tanishq

    A stupid Ad and a dumb explanation: What Tanishq lost in last 48 hours?

    Coco island, islands, Nehru

    Nehru’s massive strategic blunder – How Nehru gave Coco Islands to Burma that China later grabbed

    Turkey, Hagia Sophia

    Hagia Sophia is not the only one: Turkey has a shameful history of desecration

    • Culture
    • History
    • Indology
  • Lounge
    • All
    • Books
    • Cinema
    • Food
    • Health
    • Satire
    • Sports
    • technology
    • Travel
    whatsapp signal brian acton

    He was forced to sell WhatsApp to Facebook. Now, he has come back with Signal to dethrone WhatsApp

    coolie no. 1

    This is not even about nepotism; Coolie No. 1 remake is plain horrible and a huge insult to Govinda

    ajinkya rahane

    Ajinkya Rahane – One of the best test captains India NEVER had

    Gangubai Kathiawadi, Sanjay leela Bhansali, Alia Bhatt

    Sanjay Leela Bhansali and Alia Bhatt’s new movie carelessly puts the life of the protagonist in turmoil

    • Books
    • Cinema
    • Food
    • Health
    • Sports
    • technology
    • Travel
    • Satire
  • Newswire
No Result
View All Result
TFIPOST
  • Politics
    • All
    • Analysis
    • Opinions
    • Trending
    Khalsa Aid, Nobel Prize

    Khalistan supporter Khalsa Aid is nominated for Nobel Peace Prize. This is not fake news

    Yogi, Tandav, Anti-Hindu

    Yogi begins crackdown on the cast and crew of the anti-Hindu series ‘Tandav’

    Amazon, I&B Ministry, Tandav

    The era of anti-Hindu web series is officially over as Amazon gets summoned by I&B Ministry

    Sibal, Congress

    Kapil Sibal is a heartbroken man after Congress denies him a chance of being the party president

    • Analysis
    • Opinions
    • Trending
  • Economy
    • All
    • Business
    • Economy1
    • Finance
    Bengaluru, IT Sector, tech

    Bengaluru leaves behind London and many other European cities to become the leading tech hub

    Indian rice, import

    From Southeast Asia to Europe: The World is hungry for Indian Rice and India is ready to feed them

    stock, Modi, economy

    Indian stock market adds $1.3 trillion in just nine months, thanks to the reforms

    India, Economy, United Nation

    ‘India’s economy is set to have a great year,’ the United Nations places its bets on the Indian economy

    • Business
    • Finance
  • Defense
    • All
    • Defence
    • Strategy
    • Weaponry
    india indian army ladakh drones

    Amid standoff with China, India puts the Ladakh region under drone surveillance. More Made-In-India drones to follow

    drdo

    For 6 decades DRDO was not up to the mark. Today it is making one missile after another. What really changed

    ghatak drone

    GHATAK- How India’s stealth combat drone programme promises to make it a military superpower

    Turkey, US, Russia

    Turkey may be sanctioned by US for using F-16s as target practice for Russian S-400s

    • Defence
    • Strategy
    • Weaponry
  • Geopolitics
    • All
    • Africa
    • Americas
    • Asia Pacific
    • Europe
    • South Asia
    • West Asia
    UK, India, G7

    Ahead of Biden presidency, UK invites India to G7 summit amid talks of expansion

    India, China, Al-Qaeda

    China stops India from heading Al-Qaeda sanctions committee that would have given it immense leverage over Pakistan

    Africa, India, Chinese, vaccine

    As Africa distrusts the Chinese vaccine, India has the golden opportunity and the perfect resources to expand its soft power

    France, India, EU

    France invites India to join European naval missions in the Persian Gulf, the most important oil route in the world

    • Africa
    • Americas
    • Asia Pacific
    • Europe
    • South Asia
    • West Asia
  • Knowledge
    • All
    • Culture
    • History
    • Indology
    sister nivedita

    Sister Nivedita – The friend of all

    Tanishq

    A stupid Ad and a dumb explanation: What Tanishq lost in last 48 hours?

    Coco island, islands, Nehru

    Nehru’s massive strategic blunder – How Nehru gave Coco Islands to Burma that China later grabbed

    Turkey, Hagia Sophia

    Hagia Sophia is not the only one: Turkey has a shameful history of desecration

    • Culture
    • History
    • Indology
  • Lounge
    • All
    • Books
    • Cinema
    • Food
    • Health
    • Satire
    • Sports
    • technology
    • Travel
    whatsapp signal brian acton

    He was forced to sell WhatsApp to Facebook. Now, he has come back with Signal to dethrone WhatsApp

    coolie no. 1

    This is not even about nepotism; Coolie No. 1 remake is plain horrible and a huge insult to Govinda

    ajinkya rahane

    Ajinkya Rahane – One of the best test captains India NEVER had

    Gangubai Kathiawadi, Sanjay leela Bhansali, Alia Bhatt

    Sanjay Leela Bhansali and Alia Bhatt’s new movie carelessly puts the life of the protagonist in turmoil

    • Books
    • Cinema
    • Food
    • Health
    • Sports
    • technology
    • Travel
    • Satire
  • Newswire
No Result
View All Result
TFIPOST
No Result
View All Result
  Newswire
Telangana’s Covid recovery rate crosses 98% 41 mins ago
Start of 2021 sees upward trend in Covid situation: WHO 41 mins ago
UNSC condemns attack on Mali peacekeeping mission 44 mins ago
Sindhu, Srikanth ease into 2nd round of Thailand Open (Lead) 50 mins ago
Sensex gains over 400 points; auto, metal stocks rise 53 mins ago
UNHCR discloses funding gap to meet needs of Ethiopian refugees, IDPs 56 mins ago
Next
Prev

Manufacturing up. Domestic demand up. Exports up. Indian economy is recovering at breakneck pace

TFIPOST News Desk
by TFIPOST News Desk
3 November 2020
in Economy1
1
Manufacturing up. Domestic demand up. Exports up. Indian economy is recovering at breakneck pace
2.1k
SHARES
1.3k
VIEWS
Sharre via FacebookShare via Twitter

This October has been the best month for the Indian economy post-Covid. Demand, supply, exports- all shot up exponentially as the festive season hits the country. From April to September, the first half of this fiscal year, the companies witnessed one of the worst phases as the country was under the stringent lockdown for most of the period. But as the economy opens up, the pent up demand is being reflected and the second half of the fiscal year is expected to be best for India Inc.

IHS Markit’s Purchasing Manager Index, a reflection of manufacturing activity in the country, reached 13 years high to 58.9 in October. Manufacturing PMI was positive even in the previous month when it recorded a figure of 56.8–any reading above 50 shows expansion compared to the previous month.

“Levels of new orders and output at Indian manufacturers continued to recover from the covid-19 induced contractions seen earlier in the year, with the PMI results for October highlighting historically sharp monthly rates of expansion,” said Pollyanna De Lima, economics associate director at IHS Markit.

The demand picked up across the sectors as people invested their savings during the lockdown to purchase goods and services. The e-commerce companies, Flipkart and Amazon, sold goods worth 4.1 billion dollars in the festive sales. Amazon’s ‘Great Indian Festival’ and Flipkart’s ‘Big Billion Days’ fell around the same time and both companies registered massive growth over the sales figure for the last month. Apple India posted record sales with 8 lakh iPhones sold in the country in the July to September quarter, which is highest ever in a single quarter.

Also, the automobile sector, which suffered massive losses during the pandemic, is on the path to a quick recovery. Hero Motocorp, the largest two-wheeler player, registered a growth of 35 per cent in October, that is, up to 8.06 units. “With the higher dispatches during the month, the company’s customer touchpoints across the country now have adequate inventories in line with market demand in the ongoing period,” it said.

The domestic sale of Bajaj registered 11 per cent growth, that is, up to 2,68,631 units while exports grew by 29 per cent, that is, up to 2,01, 659 units. “Pulsar brand recorded sales of over 170,000 units. Highest ever,” said Bajaj Auto in a statement.

TVS’ two-wheelers sales grew by 24%, hence, recording 382,121 units with a growth of 19% to 301,380 units in the domestic market and 33% in exports to 92,520 units.

Even the sale of four-wheelers registered double-digit growth, with two major players Maruti Suzuki and Hyundai, being the top players. These companies increased the market share as most new buyers went with tried and tested products amid the pandemic.

Also, the number of UPI transactions crossed the psychological barrier of 2 billion transactions while the total value of transactions was 3.86 trillion rupees, which is more than the GDP of Assam in FY 2021 (3.5 lakh crore rupees). GST collection, another reflection of demand for Goods and Services, crossed the figure of 1 lakh crore rupees in October.

Moreover, India has come out of the losing streak to register 5.27 per cent growth in exports in September. The country exported goods and services worth 27.4 billion dollars in September this year which is 5.27 per cent more, compared to last year, said Minister of Commerce and Industry, Piyush Goyal.

So, as the country opens up, the economy is picking up across the board and the pent-up demand is also being reflected from the latest purchases. Many consumers who saved money during the lockdown on various expenditures are now spending money on big-ticket purchases, and this will lead to a good performance of the economy in the next quarter.

Tags: Indian Economy
Share2093TweetSend
Previous Post

A BJP govt in West Bengal is a strong possibility but first it must to get its affairs in order

Next Post

The Tata vs Mistry feud is all set to bring billions of rupees to the Indian govt’s coffers

TFIPOST News Desk

TFIPOST News Desk

India’s most loved Right-Wing blog

Comments 1

  1. Avatar Faheem Iqbale says:
    2 months ago

    http://www.jobz.pk/selteq-islamabad-jobs-2020-for-dotnet-developer_jobs-407632.html

    Reply

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms of use and Privacy Policy.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

  • Most Read
  • Latest
Xi Jinping, coronavirus, Shinzo Abe, china, Japan, coornavirus, COVID-19, Wuhan Virus

‘Pack up and get out of there,’ Japan to spend $2.2 billion to get Japanese companies to exit China

9 April 2020
ajay devgn karan johar

The man who bullied the Bully – How Ajay Devgn made Karan Johar’s monopoly a joke and forced him to apologize

22 June 2020
Huawei, China, Trump, USA, Xi Jinping

‘Our survival is at stake now,’ Chinese Telecom giant Huawei crumbles after US ban on Semiconductor exports

19 May 2020
T-Series Sonu Nigam Divya Khosla Kumar Bhushan Kumar

T-Series forced to take down Atif Aslam’s video, Divya Khosla trolled. T-Series has a bad day in office

25 June 2020
Khalsa Aid, Nobel Prize

Khalistan supporter Khalsa Aid is nominated for Nobel Peace Prize. This is not fake news

19 January 2021
Yogi, Tandav, Anti-Hindu

Yogi begins crackdown on the cast and crew of the anti-Hindu series ‘Tandav’

18 January 2021
Amazon, I&B Ministry, Tandav

The era of anti-Hindu web series is officially over as Amazon gets summoned by I&B Ministry

18 January 2021
Sibal, Congress

Kapil Sibal is a heartbroken man after Congress denies him a chance of being the party president

18 January 2021

Popular This Week

Arnab Goswami, Modi, Pulwama Attack
Trending

It was not just Arnab but 1.3 Billion Indians who knew that PM Modi was going to do something “big” after the Pulwama attack

by Sanbeer Singh Ranhotra
18 January 2021
Steve Smith, Australia
Trending

Steve Smith – A talented batsman but a supremely immoral, arrogant and corrupt sportsman

by TFIPOST News Desk
12 January 2021
Nidhi Razdan, Harvard, associate professor
Trending

Nidhi Razdan quit NDTV to join Harvard University as Associate Professor. Turns out, it was all fake

by Sanbeer Singh Ranhotra
15 January 2021
whatsapp signal brian acton
technology

He was forced to sell WhatsApp to Facebook. Now, he has come back with Signal to dethrone WhatsApp

by Abhinav Singh
15 January 2021
whatsapp india
Opinions

WhatsApp’s honeymoon period in India is officially over

by Sanbeer Singh Ranhotra
15 January 2021

©2021 TFI Media Private Limited

  • Terms of use
  • Privacy Policy
  • Sitemap
No Result
View All Result
  • Politics
    • Analysis
    • Opinions
    • Trending
  • Economy
    • Business
    • Finance
  • Defense
    • Defence
    • Strategy
    • Weaponry
  • Geopolitics
    • Africa
    • Americas
    • Asia Pacific
    • Europe
    • South Asia
    • West Asia
  • Knowledge
    • Culture
    • History
    • Indology
  • Lounge
    • Books
    • Cinema
    • Food
    • Health
    • Sports
    • technology
    • Travel
    • Satire
  • Newswire
TFI Official Merchandise
हिन्दी
  • About us
  • Columnists
  • Careers
  • Brand Partnerships
  • rightlog is now TFIPOST

©2021 TFI Media Private Limited