Economy recovery cues!!

Performance of 8 core industries - Coal , electricity , fertilizers and cement showing growth
Source Business line

Look at the sectors showing positive growth as compared to Oct2019

Coal

Electricity

Fertlisisers

Cement

Economy looks on recovery mode like a pendulum which swings in extremes. Although technically India enters into a recession with two quarters of negative growth but optimistically this can change by Mar2021. Only caveat here is fresh set of lockdowns

On the other hand, crude oil, refinery products and natural gas may remain suppressed as world moves to Work form home (medium term trend)

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