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Podcast: businessline's State of the Economy Podcast
Episode: Is consumer demand on the road to recovery ?
Description: The PMI manufacturing figure stood at 57.8, while GST collections for June amounted to 1.61 lakh rupees.In this episode of the State of the Economy, Shishir Sinha, Associate Editor, businessline and Radhika Rao, Executive Director and Senior Economist at DBS Group Research discuss the recent high frequency economic indicators to assess the state of consumer demand in India.Radhika Rao shed light on the subject, beginning with the GST collection data. She noted that the figure of 1.6 trillion was 12% higher than the corresponding period last year, and the year-to-date monthly average was also 12% higher than fiscal...