Expained: Know what has changed in some major areas of the country before and after Corona

Shivam Bangwal September 16, 2021

2 minutes read

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Indian Economy News: Not only the Indian economy has faltered due to the corona virus epidemic. Rather, the economic superpowers of the world have also suffered a setback and every country is now recovering from this injury. But how much did India recover and how much did not? To know this, ABP News has prepared a comparative report. With the help of this report, you will be able to know what has changed in some major areas of India before and after Corona.

Corona ruined the country’s economy

When Corona knocked in the world, not only did the disaster come to life, the economies also got ruined and its direct hit was on the developing countries. Of which India is also one. The government had set a target of five trillion economy by 2024-25, but even on that target, Corona had a strong dent. The workers were locked in their homes. Industries were locked down. On small factories, such a noose was hung that the situation had come to the point of tying sacks and beds.

Boom in ‘Power Sector’ after Corona

But now slowly but surely all the sectors are recovering from the impact of Corona. Similar signals are coming from at least some sectors and the data shows that the maximum boom has come in the ‘power sector’. Before Corona, that is, in August 2019, an increase of 14.9% was registered in the power sector. But in August 2021, the power sector has registered a record growth of 17.1%.

19.04 lakh crore e-way bills generated in August 2021

Not only the power sector, but other sectors are also showing positive signs for the economy. In August 2021 alone, e-way bills worth Rs 19.04 lakh crore have been generated. According to July 2021, it has registered an increase of 18.2%. This is 37.4% more than in August 2020 and 33.9% more than before the corona period i.e. August 2019.

After Corona, the goods train also caught speed

Railways is considered to be the backbone of the Indian economy, as it carries more products than passengers. This also came to a standstill during the Corona period, but the goods train is also gaining momentum. In August 2021, the Railways carried 1105 million tonnes of freight. Which is 16.9% more than August 2020 and if compared with before Corona i.e. August 2019, then this figure is 21.4% more.

is at record level UPI payment

Apart from the figures, the clear, correct and straightforward thing is that only then the health of the economy can be considered good. When the common man has money in his pocket. During the Corona period, the country saw how the poor were eating according to the wages kept in their pockets, not hunger. But the situation is slowly changing. Because UPI payment is at record level. In August 2021, ₹6.39 lakh crore was paid through UPI mode in the country. In July 2021, a payment of ₹ 6.06 lakh crore was made through UPI.

The government treasury is also filling up

Now the government treasury is also filling up. In the first quarter of the current financial year i.e. April-June 2021, the government got tax revenue of Rs 5.29 lakh crore. Which is 2.5 times more than the first quarter of the financial year 2020-21.

The economic condition of the country is also improving through FDI, export, domestic consumption and the economy is getting revitalized.