Peering into the recovery: There are reasons to be optimistic

Many indicators are flashing different signals, and we try to peer into the incipient post-pandemic recovery

The Indian economy is in an interesting moment, where output is below the level of a year ago, but the glass is half full with momentum in many areas. We look at a few indicators with data for the July-August-September quarter or monthly data for September or October. We see a wide spectrum of outcomes, from profit after tax growth for non-financial listed companies of over 41 per cent to consumer sentiment of -51 per cent. The parts of the economy, which have started coming into full operations will send demand signals into the rest of the economy, and in