Ten charts that show the recovering parts of the $2.7 trillion Indian economy

• The COVID-19 pandemic brought the Indian economy to a standstill, leading to an increase in unemployment rates and economic output crashing down.
• However, with Unlock 1.0 underway, several parts of the $2.7 trillion Indian economy have started recovering.
• Rural India, often referred to as Bharat, is taking the lead in staging a recovery, while urban India is trying to catch up, too.

The COVID-19 pandemic has ravaged the Indian economy, bringing it to a virtual standstill, impacting everyone from the rich to the poor. However, with Unlock 1.0 underway, the Indian economy seems to be on the path to recovery.

According to data collated by a Kotak Mutual Fund report for the month of July, 2020, there are several signs that show how the Indian economy is recovering in the post-COVID world.

One highlight from the report is that rural India, often referred to as ‘Bharat’, is leading urban India when it comes to economic recovery. This should come as no surprise, though, since the monsoon season is here.

The Indian Meteorological Department (IMD) has predicted normal monsoon this year. The Indian government has pinned its hopes on the rural sector driving India’s economy to normalcy, and initial reports suggest it could be betting on the right horse.

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