BCG India economic monitor July 2021

In Jun’21, several economic indicators recovered after falling in May’21. However, growth was not uniform across: selectindicators (e.g., logistics) surpassed pre-COVIDlevels, while others (e.g., industrial activity, fuel & power) remained below pre-COVIDlevels. UPI transactions clocked an all time high in Jun’21. Recovery across select sectors was driven by pent up demand (e.g., auto)vs. May’21, but still remained below pre-COVIDlevels.