Indian economy
Economy returning to track faster than expected: Prakash Javadekar
New Delhi/UNI: The Government on Wednesday said signs are now becoming clear that the country's economy is getting back on track faster than expected and that India will rebuild the world's fastest-growing economy by defeating the Covid-19 pandemic.
Talking to reporters here, Information and Broadcasting Minister Prakash Javadekar said many such signals had emerged in the past which show that the country's economy is returning back on track at a faster pace than expected.
He said the GDP for the first half of the year is 1.05 lakh crore rupees, more than the GDP during the same period last year.
There had been a 12 per cent increase in the demand of electricity in the country. "This has happened when due to good rains in the country this year, the farmers have less need for electricity. Similarly, power consumption has come down in the railways due to the closure of passenger trains in the country due to Covid," he said.
"This meant that normal production had been completely restored in the manufacturing sector of the country and has also increased in many areas," he added.
Exports and investment, profits and turnover of companies had also increased, he said.
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