At a country level, the pace of the rebound has varied. Some countries, notably China, dealt with the virus early, and kick-started their economy relatively quickly.
As early as April, its industrial emissions were exceeding its 2019 levels. In comparison, April was a full and hard lockdown month for India, and its average monthly industrial emissions dropped to one-third of its April 2019 levels.Among major economies, India, which had one of the strictest lockdowns, was among the most impacted.
In the quarter to June, India’s gross domestic product (GDP) growth fell by 23.9 percent over the year-ago period. It was only in August that the monthly average of India’s industrial emissions rebounded to 90% of its corresponding 2019 levels.