ECONOMIC UPDATE

 

• The new figure of covid positive cases in India crosses over 2,11, 000 which may witness again the economic slowdown in India.

• FPIs have withdrawn more than 530 crore from India stock markets this month so far

• India foreign exchange reserve came down to $580.299 billion dropped by $4.255 billion

• India’s fuel consumption dropped by 4.9% in the month of February 2021 as a result of travel avoidance by many people due to increase in covid cases and price hikes for last couple of months

• Power consumption of India increased by 16.5% in India in the current month so far right not it is 47.67 billion units (BU).

• Unemployment rate of India drops down to 6.6% from over 9 % in January