As more and more economic data comes in, it becomes clearer that the "recovery" we saw in June was a blip, fuelled by pent up demand. Overall, the situation in India doesn't look good.
The real scenario will be known post the harvest of the current crop. The monsoons have been good so far, rural India will drive India's economic recovery, Urban India will follow later. The indicators to watch for are cropping area, type of crops being sowed, seed sales... interestingly tractor sales have not dropped. The results of this harvest will define India's economic scenario for the coming years.
Thanks for ending on a hopeful note :P
The real scenario will be known post the harvest of the current crop. The monsoons have been good so far, rural India will drive India's economic recovery, Urban India will follow later. The indicators to watch for are cropping area, type of crops being sowed, seed sales... interestingly tractor sales have not dropped. The results of this harvest will define India's economic scenario for the coming years.