After displaying positive signals as Covid cases came down, weekly indicators of economic activity are now showing some moderation as rising coronavirus infections trigger the fear of a third wave.
Power generation continues to show gains over 2019 but the demand moderated on a weekly basis. Railway freight data, too, moved the same way. Mobility, traffic and emissions, however, showed signs of recovery, though more in some parts of the country than others.
Power generation moderated week-on-week as monsoon rains picked up the pace, bringing down power demand for cooling and irrigation. Restricted shopping hours in
Power generation continues to show gains over 2019 but the demand moderated on a weekly basis. Railway freight data, too, moved the same way. Mobility, traffic and emissions, however, showed signs of recovery, though more in some parts of the country than others.