Economics
Five Indian States Are Leading Economy to Recovery from Lockdown
- Kerala and Punjab show improvement in activity, Elara says
- Maharashtra, Gujarat are laggards as virus cases spike
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Five Indian states contributing nearly 27% of the country’s gross domestic product are leading a recovery in the economy as it slowly emerges from the world’s biggest lockdown, a study by Elara Securities Inc. shows.
Kerala, Punjab, Tamil Nadu, Haryana and Karnataka have seen a pickup in activity, based on an analysis of indicators such as power consumption, traffic movement, arrival of farm products at wholesale markets and Google mobility data, Garima Kapoor, an economist at Elara Securities in Mumbai, wrote in a note.