The pace of the festive season and vaccination has improved in the country’s economy, know how it will move ahead?

India’s Economic Recovery: Rapid vaccination campaign is going on across the country to defeat the corona epidemic. Vaccination has seen a lot in the festive season. Apart from this, the revival of the Indian economy has picked up pace in recent months due to improving consumer and industry sentiments. Industry body PHDCCI has given information about this on Sunday.

Index reached 131
The PHDCCI Economy GPS Index has risen to 131 in October. Earlier last month it was at 113.1. During the first seven months of the current financial year, April-October, it stood at 114.8, which was 78.7 in the same period of the previous financial year.

Know what Pradeep Multani said
PHDCCI President Pradeep Multani said that the issues of high commodity prices and shortage of raw materials need to be addressed at present, to support consumption and private investment. Multani said households need to focus on increasing consumption to increase aggregate demand. This will also accelerate capital investment.

How is index determined?
The Economy GPS Index of the PHD Chamber of Commerce and Industry measures macroeconomic and business activity. Its base year is 2018-19=100. It estimates the direction of the economy on the basis of three indicators – Goods and Services Tax (GST) collection, passenger vehicle sales and Sensex (daily average).

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