• About us
  • Careers
  • Brand Partnerships
TFI Official Merchandise
TFI हिन्दी
TFI Global
Saturday, March 25, 2023
Tfipost.com
  • Premium
  • Politics
    • All
    • Analysis
    • Opinions
    • Trending
    Hunt for the Burqa-Clad lady: Ateeq’s Wife Suspected of Running Gang

    Hunt for the Burqa-Clad lady: Ateeq’s Wife Suspected of Running Gang

    Delhi Riot accused Tahir Hussain charged for Ankit Sharma murder

    Delhi Riot accused Tahir Hussain charged for Ankit Sharma murder

    Khalistan or Money: What’s wrong with quick fame Punjabi singers?

    Khalistan or Money: What’s wrong with quick fame Punjabi singers?

    Rahul Gandhi defamation case

    Surat Court finds Rahul Gandhi guilty in defamation case, awarded two-year sentence

    • Analysis
    • Opinions
    • Trending
  • Economy
    • All
    • Business
    • Economy1
    • Finance
    From Pipeline to Power Grid: India and Bangladesh Forge Stronger Energy Bonds

    From Pipeline to Power Grid: India and Bangladesh Forge Stronger Energy Bonds

    India ready to unveil New Trade Policy with ambitious targets

    India ready to unveil New Trade Policy with ambitious targets

    The thread that connects Adani, Credit Suisse, and Karma

    The thread that connects Adani, Credit Suisse, and Karma

    Domestic wheels will drive reforms in Indian railways

    Domestic wheels will drive reforms in Indian railways

    • Business
    • Finance
  • Defense
    • All
    • Defence
    • Strategy
    • Weaponry
    ASEAN’s Defence Market: India and South Korea Compete for Supremacy

    ASEAN’s Defence Market: India and South Korea Compete for Supremacy

    From Pipeline to Power Grid: India and Bangladesh Forge Stronger Energy Bonds

    From Pipeline to Power Grid: India and Bangladesh Forge Stronger Energy Bonds

    Rs. 70,500 Crore in Clearances Set to Transform Military Capabilities

    Rs. 70,500 Crore in Clearances Set to Transform Military Capabilities

    A Delicate Balance: Dibang Multipurpose Dam Project and Its Impacts

    A Delicate Balance: Dibang Multipurpose Dam Project and Its Impacts

    • Defence
    • Strategy
    • Weaponry
  • Geopolitics
    • All
    • Africa
    • Americas
    • Asia Pacific
    • Europe
    • South Asia
    • West Asia
    Khalistani

    After India’s veiled warning, countries around the world crack down on Khalistanis.

    carbon tax India

    EU wanted to impose carbon tax on India, ends up getting penalised

    British Embassy security

    India claps back: Extra-security cover for British Embassy withdrawn

    ITEC program

    India’s Afghan policy: working beyond tags and labels

    • Africa
    • Americas
    • Asia Pacific
    • Europe
    • South Asia
    • West Asia
  • Knowledge
    • All
    • Culture
    • History
    • Indology
    Malik Ambar and the Maratha Connection: A Tale of Strategic Alliances

    Malik Ambar and the Maratha Connection: A Tale of Strategic Alliances

    Jaipal Singh Munda

    Jaipal Singh Munda: A Tribal Leader who Transformed Sports and Society

    Polio vaccine in India

    Polio vaccine in India: Why did it take so long?

    Vrindavan Banke Bihari Mandir thumbnail

    Banke Bihari Mandir Vrindavan, Timings, History, Travel Guide and How to reach

    • Culture
    • History
    • Indology
  • Law
  • Lounge
    • All
    • Books
    • Cinema
    • Food
    • Health
    • Lifestyle
    • Satire
    • Sports
    • technology
    • Travel
    Johnny Lever has a profound message for makers like Farhad Samji

    Johnny Lever has a profound message for makers like Farhad Samji

    Pandemic movies to watch

    Virus and Zombies: Top 10 Best Pandemic Movies to Watch

    10 Best comedy Hollywood movies

    Laugh loudly: 10 Comedy Movies from Hollywood That Will Keep You Laughing

    Chaar Sahibzaade film poster

    Chaar Sahibzaade: A Tale of Bravery and Sacrifice That Every Indian Must See

    • Books
    • Cinema
    • Food
    • Health
    • Sports
    • technology
    • Travel
    • Satire
No Result
View All Result
Tfipost.com
  • Premium
  • Politics
    • All
    • Analysis
    • Opinions
    • Trending
    Hunt for the Burqa-Clad lady: Ateeq’s Wife Suspected of Running Gang

    Hunt for the Burqa-Clad lady: Ateeq’s Wife Suspected of Running Gang

    Delhi Riot accused Tahir Hussain charged for Ankit Sharma murder

    Delhi Riot accused Tahir Hussain charged for Ankit Sharma murder

    Khalistan or Money: What’s wrong with quick fame Punjabi singers?

    Khalistan or Money: What’s wrong with quick fame Punjabi singers?

    Rahul Gandhi defamation case

    Surat Court finds Rahul Gandhi guilty in defamation case, awarded two-year sentence

    • Analysis
    • Opinions
    • Trending
  • Economy
    • All
    • Business
    • Economy1
    • Finance
    From Pipeline to Power Grid: India and Bangladesh Forge Stronger Energy Bonds

    From Pipeline to Power Grid: India and Bangladesh Forge Stronger Energy Bonds

    India ready to unveil New Trade Policy with ambitious targets

    India ready to unveil New Trade Policy with ambitious targets

    The thread that connects Adani, Credit Suisse, and Karma

    The thread that connects Adani, Credit Suisse, and Karma

    Domestic wheels will drive reforms in Indian railways

    Domestic wheels will drive reforms in Indian railways

    • Business
    • Finance
  • Defense
    • All
    • Defence
    • Strategy
    • Weaponry
    ASEAN’s Defence Market: India and South Korea Compete for Supremacy

    ASEAN’s Defence Market: India and South Korea Compete for Supremacy

    From Pipeline to Power Grid: India and Bangladesh Forge Stronger Energy Bonds

    From Pipeline to Power Grid: India and Bangladesh Forge Stronger Energy Bonds

    Rs. 70,500 Crore in Clearances Set to Transform Military Capabilities

    Rs. 70,500 Crore in Clearances Set to Transform Military Capabilities

    A Delicate Balance: Dibang Multipurpose Dam Project and Its Impacts

    A Delicate Balance: Dibang Multipurpose Dam Project and Its Impacts

    • Defence
    • Strategy
    • Weaponry
  • Geopolitics
    • All
    • Africa
    • Americas
    • Asia Pacific
    • Europe
    • South Asia
    • West Asia
    Khalistani

    After India’s veiled warning, countries around the world crack down on Khalistanis.

    carbon tax India

    EU wanted to impose carbon tax on India, ends up getting penalised

    British Embassy security

    India claps back: Extra-security cover for British Embassy withdrawn

    ITEC program

    India’s Afghan policy: working beyond tags and labels

    • Africa
    • Americas
    • Asia Pacific
    • Europe
    • South Asia
    • West Asia
  • Knowledge
    • All
    • Culture
    • History
    • Indology
    Malik Ambar and the Maratha Connection: A Tale of Strategic Alliances

    Malik Ambar and the Maratha Connection: A Tale of Strategic Alliances

    Jaipal Singh Munda

    Jaipal Singh Munda: A Tribal Leader who Transformed Sports and Society

    Polio vaccine in India

    Polio vaccine in India: Why did it take so long?

    Vrindavan Banke Bihari Mandir thumbnail

    Banke Bihari Mandir Vrindavan, Timings, History, Travel Guide and How to reach

    • Culture
    • History
    • Indology
  • Law
  • Lounge
    • All
    • Books
    • Cinema
    • Food
    • Health
    • Lifestyle
    • Satire
    • Sports
    • technology
    • Travel
    Johnny Lever has a profound message for makers like Farhad Samji

    Johnny Lever has a profound message for makers like Farhad Samji

    Pandemic movies to watch

    Virus and Zombies: Top 10 Best Pandemic Movies to Watch

    10 Best comedy Hollywood movies

    Laugh loudly: 10 Comedy Movies from Hollywood That Will Keep You Laughing

    Chaar Sahibzaade film poster

    Chaar Sahibzaade: A Tale of Bravery and Sacrifice That Every Indian Must See

    • Books
    • Cinema
    • Food
    • Health
    • Sports
    • technology
    • Travel
    • Satire
No Result
View All Result
Tfipost.com
No Result
View All Result

HOME » Economy » 7 out of 13 economic indicators turned bright green in July 2021

7 out of 13 economic indicators turned bright green in July 2021

Abhishek Kumar Singh
by Abhishek Kumar Singh
24 August 2021
in Economy
0
ICRA, COVID, Moody, Growth, Freight, Infrastructure, Economic, pointers, economy

(PC: Indian Infrastructure magazine)

444
VIEWS
Share on FacebookShare on Twitter

As vaccination in India picks momentum, it is, in turn, making India an epicentre of a vaccination success story. The Indian economy is gearing up to lead the recovery trajectory of the world. With India reporting 0.021 percentages of cases on 23 August 2021, India is all set to bring its workforce back to the office. Recently, the Periodic labour force survey conducted by the Indian government also indicated a fall in the unemployment rate. In June, the output of 8 core sectors had shown an uptick of 8.9 percentages.

The latest in the strings of Indian economic recovery are ICRA report indicating the improvement in major financial as well as non-financial Indicators of the GDP growth. These pointers include high-frequency service and industrial sector indicators. “With the further easing of the state-wise restrictions, especially across the southern states, the roots of the economic recovery deepened in July 2021. Despite a normalizing base, eight of the 15 high-frequency indicators recorded an encouraging improvement in their year-on-year (YoY) growth in July 2021,” Said Aditi Naiyar, the chief economist of the ICRA.

Read More: Ratings agency ICRA praises GST for increased efficiency in goods transportation sector

Moreover, a marked improvement was noticed in 10 of the 13 non-financial indicators on a month-on-month level. The volume in more than half of these 13 non-financial indicators rose both to their pre-COVID level as well as pre-April 2021 levels. It is to be noted that another massive lockdown was imposed in April 2021. The seven indicators in which the volume rose to pre-COVID levels are non-oil merchandise exports, GST e-way bills, electricity generation, CIL’s output, petrol consumption, PV output, and rail freight traffic. “As the states started unlocking, the mobility for retail and recreation posted a sharp improvement from around 60 percent below baseline at end-May 2021 to 23 percent below baseline by end-July 2021 (seven-day moving average),” Nayar said.

The FASTag toll collections rose from 15.5 per cent to 2,980 crores in July 2021. Growth in FASTag is significant because it shows an increase in freight traffic on national highways indicating the rise in demand as well as supply. The improvement in freight traffic can also be gauzed by the fact that petrol sales of state refineries have reached pre-COVID levels while those of diesel have also shown improvement, though they have not reached their pre-COVID level. The year on Year rail freight growth at 14.1 per cent shows another sign of freight traffic standing firm in the wake of Lockdown restrictions.

Read More: ‘India to be Toll Plaza free in a year,’ Nitin Gadkari announces as Toll booths to be replaced by GPS toll collection

Moreover, the positive prospect on Indian economy was also visible in increase in the output of Coal India Limited, rise in electricity generation as well as consumption, a boost in vehicle registrations, domestic passenger traffic, etc. although, the Year-on-Year performance of output of passenger vehicles, scooters and motorcycles saw a decline, it was mainly due to unfavourable base effect.

It is to be noted that ICRA is an Indian Independent and professional investment information and professional credit rating agency. The positive outlook indicated in ICRA holds a lot more significance than it actually looks. Moody’s Corporation has a majority 51.86 percentage majority stake in ICRA. A positive outlook from ICRA translates into a positive outlook from Moody’s too. Moody’s ratings are a big driver of foreign investments in countries.

Read More: National monetisation scheme is here to give India the facelift it badly needs

A positive outlook from Moody’s will drive foreign investments in India, and with Indian Infrastructure building up for its future workload, the future of post-COVID India seems to be better than China.

Tags: COVID!(Economicsfreight trafficICRAMoody's RatingsNarendra Modi
Share27TweetSend
Previous Post

National monetisation scheme is here to give India the facelift it badly needs

Next Post

In order to belittle Amarinder, Sidhu praises farm produce prices in BJP-ruled states  

Abhishek Kumar Singh

Abhishek Kumar Singh

Truth Seeker. Columnist at TFI Media.

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
  • Comments
  • 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
Meat Ban

A Jain responds to Meat Ban in Mumbai

Public Sector Bank, Government, Bill

Dear bank employees, continue your stride but PSBs will be privatized

anti-Hindi

Anti-Hindi Forever?- In search of a National Language!

Dear Liberals – your Beef Parties are not protests, they just intend to displease the Majority

Dear Liberals – your Beef Parties are not protests, they just intend to displease the Majority

Malik Ambar and the Maratha Connection: A Tale of Strategic Alliances

Malik Ambar and the Maratha Connection: A Tale of Strategic Alliances

24 March 2023
Hunt for the Burqa-Clad lady: Ateeq’s Wife Suspected of Running Gang

Hunt for the Burqa-Clad lady: Ateeq’s Wife Suspected of Running Gang

24 March 2023
Delhi Riot accused Tahir Hussain charged for Ankit Sharma murder

Delhi Riot accused Tahir Hussain charged for Ankit Sharma murder

24 March 2023
Khalistan or Money: What’s wrong with quick fame Punjabi singers?

Khalistan or Money: What’s wrong with quick fame Punjabi singers?

24 March 2023

Popular This Week

India’s Potent Mini Missile: The Indigenous “S-400
Defence

India’s Potent Mini Missile: The Indigenous “S-400

by Shubham Bajpai
17 March 2023
Oh!! Shut up Jagmeet Singh
Opinions

Oh!! Shut up Jagmeet Singh

by Sabita Mishra
20 March 2023
Khalistani
Politics

No More Tolerance for Khalistanis: India’s Stand Against International Terrorist sympathisers

by Shubham Bajpai
22 March 2023
The Price of Desperation: The Impact of Illegal Immigration on India
Politics

The Price of Desperation: The Impact of Illegal Immigration on India

by Paurush Gupta
18 March 2023
Kerala Christians BJP
Politics

Kerala Christians’ puts one condition to vote for BJP

by Paurush Gupta
21 March 2023

©2023 TFI Media Private Limited

  • Terms of use
  • Privacy Policy
  • Sitemap
No Result
View All Result
  • Premium
  • 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
  • Law
  • Lounge
    • Books
    • Cinema
    • Food
    • Health
    • Sports
    • technology
    • Travel
    • Satire
TFI Official Merchandise
TFI हिन्दी
TFI Global
  • About us
  • Careers
  • Brand Partnerships

©2023 TFI Media Private Limited

Follow us on Twitter

and never miss an insightful take by the TFIPOST team

Follow @tfipost