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The macroeconomic data for July-August 2021 continues to reflect low base of last year just after the lockdown in response the first wave of Covid- 19.
Hence it still be early to draw extrapolated trends for the months ahead.
The limited data for July-Aug immediately post the second lockdown including vehicle sales and consumption indicators alludes to some recovery in demand.
Nonetheless, demand continues to remain below pre-pandemic levels thus far.
Key industrial sectors witnessed jump in production growth for July 2021 – IIP (up 11% YoY), durables (up 20%), steel (up 9%), cement (up 22%).
Electricity generation growth for Aug 2021 improved 15% YoY.
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