EDUindex News

EDUindex News

ITS TIME TO BOOST UP

                                                      ECONOMY BOOST UP

BY : NEHA SHAHAB



INDIA ECONOMY HAS SHOWN SIGNS OF RECOVERY IN JULY AS FACTORY ACTIVITY REBOUNDED  ON THE RISING DOMESTIC AND INTERNATIONAL DEMAND. A FALL IN ACTIVE CASE OF COVID 19 CASES LED TO A ALLOWING BUSINESSESS TO RAMP UP MANUFACTURING ACTIVITY. 

THE REOPENING OF THE ECONOMY HAS LED TO HIGHER DEMAND AND SUPPLY. EXPORTS HAS ALSO WITNESSED A HEALTHY RISE AS ORDERS GREW AT THE FASTEST RATE SINCE APRIL.

EMPLOYMENT HAS ALSO INCREASED FOR THE FIRST TIME SINCE MARCH 20 , BREAKING 9 TO 15 MONTH CHAIN OF JOB SHEDDING. HOWEVER , THE PACE OF HIRING REMAINS MILD AND THE COUNTRY JOB CRISIS IS FAR FROM OVER. RISING INFLATION IS ANOTHER MAJOR HURDLE IN THE PATH OF ECONOMY RECOVERY. 

A RECENT POLL CONDUCTED BY NEWS AGENCY REUTERS SIGNALS A FURTHER RISE IN INFLATION DUE TO HIGHER FUEL PRICES. AS THE CASES NOW FALLING THERE IS REASON TO HOPE THAT THE ECONOMY WILL GET BACK TO IMPROVED ACTIVITY IN THE NEXT QUARTER.