But the overall recovery remains sluggish with industrial production and domestic consumption struggling to pick up even as lockdown restrictions eased. But these improvements on the external sector front mask significant weaknesses in the domestic economy. The Indian economy continues to face internal risks with muted improvement in domestic consumption and industrial production last month. While India started reopening factories in early May, its industrial sector remained in contraction mode, the composite Purchasing Managers’ Index (PMI) suggests. For the last two months, India’s statistics agency has only released India’s retail inflation for some sub sectors.

Source: Mint June 24, 2020 07:52 UTC