India economic recovery to pick up pace in July – The month of June witnessed sequential recovery in economic activity with gradual reopening across regions. This is seen in some of the indicators like mobility and recovery in June e-way bills generated, from the lows seen in May. With infection rate staying low (positivity rate of 2.4%, June-end) despite the unlocking, we believe that the economic activity should return to levels seen in January as we progress through July. Although the same is not yet reflected in the Manufacturing and Services PMI numbers for June. Services PMI contracted and registered the fastest rate of reduction to 41.2 (vs. 46.4 in May). Manufacturing PMI came in at 48.1 in June, below 50 for the first time since July 2020 owing to intensification of the pandemic and its impact on demand. However, next month’s numbers are likely to move towards the neutral level.
AngelTopPicks_July_2021
Published on 8th July 2021
Related Post
Diwali Picks Report 2025
If we look at our Equity market’s performance from last Samvat as compared to the global p…
Diwali Picks Report 2023
The Indian economy has sustained its growth momentum led by resilient urban demand an…
Angel Top Picks Nov 2022
October witnessed stability – After a strong recovery in month of July and August of …
Diwali Picks Report 2022
The Indian economy has maintained its growth momentum since last Diwali as the economy ope…
Top Picks Report October'22
September witnessed higher volatility – After a strong recovery in month of July and Augus…
Top Pick Report September'22
August sees strong return of FIIs – After a strong recovery of ~10 percent in Jul’22, the …
Top Picks Aug'22
July sees good recovery – The Indian markets posted a ~10percent recovery in Jul21, in lin…
Top Picks July'2022
Slide in the Indian markets continues – The Indian markets declined for the 3rd consecutiv…
Top Picks June'2022
Indian Markets continue give away gains – The Indian markets extended their losing streak …
Diwali Picks Report 2025
If we look at our Equity market’s performance from last Samvat as compared to the global p…
Diwali Picks Report 2023
The Indian economy has sustained its growth momentum led by resilient urban demand an…
Angel Top Picks Nov 2022
October witnessed stability – After a strong recovery in month of July and August of …
Diwali Picks Report 2022
The Indian economy has maintained its growth momentum since last Diwali as the economy ope…
Top Picks Report October'22
September witnessed higher volatility – After a strong recovery in month of July and Augus…
Top Pick Report September'22
August sees strong return of FIIs – After a strong recovery of ~10 percent in Jul’22, the …
Top Picks Aug'22
July sees good recovery – The Indian markets posted a ~10percent recovery in Jul21, in lin…
Top Picks July'2022
Slide in the Indian markets continues – The Indian markets declined for the 3rd consecutiv…
Top Picks June'2022
Indian Markets continue give away gains – The Indian markets extended their losing streak …
Diwali Picks Report 2025
If we look at our Equity market’s performance from last Samvat as compared to the global p…
Diwali Picks Report 2023
The Indian economy has sustained its growth momentum led by resilient urban demand an…
Angel Top Picks Nov 2022
October witnessed stability – After a strong recovery in month of July and August of …
Diwali Picks Report 2022
The Indian economy has maintained its growth momentum since last Diwali as the economy ope…
Top Picks Report October'22
September witnessed higher volatility – After a strong recovery in month of July and Augus…
Top Pick Report September'22
August sees strong return of FIIs – After a strong recovery of ~10 percent in Jul’22, the …
Top Picks Aug'22
July sees good recovery – The Indian markets posted a ~10percent recovery in Jul21, in lin…
Top Picks July'2022
Slide in the Indian markets continues – The Indian markets declined for the 3rd consecutiv…
Top Picks June'2022
Indian Markets continue give away gains – The Indian markets extended their losing streak …
