Economic activities revive with phased unlocking from June: Government


The government said on Wednesday that with the phased unlocking of the Indian economy, high-frequency economic indicators such as manufacturing PMI, index of eight core industries, kharif sowing and power consumption have resumed from June 1.

Union Minister of State for Home Affairs Nityananda Rai said in the Rajya Sabha that the strict lockout, first held on March 24, was effective in preventing the effects of the coronovirus epidemic.

“With the phased unlocking of the Indian economy from June 1, 2020, high frequency economic indicators such as PMI manufacturing, index of eight core industries, e-way bill, kharif sowing, power consumption, railway freight, freight traffic and passenger vehicle sales Is. Reflects the increasing convergence with activity levels of the previous year, “he said in a written answer.

Mr. Rai said that the lockdown helped the country in reducing the growth rate of infection and reducing transmission of infectious disease.

This had a direct impact on case load reduction, morbidity and mortality. In addition, the slowing down of the epidemic helped the country increase its health infrastructure, he said.

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