India Was On Recovery Path Just Before Second Wave Derailed Progress
India Was On Recovery Path Just Before Second Wave Derailed Progress
Fresh activity curbs amid the world's worst Covid-19 outbreak in India merit a real-time reading of the economy using other indicators.
Activity in India's dominant services sector moderated in March after expanding the previous month
Economic activity in India picked up speed last month, signaling it was well on the road to recovery before a new wave of coronavirus infections derailed progress. The needle on a dial measuring so-called animal spirits moved a notch higher for the first time in six months in March, based on the three-month weighted average numbers of eight high-frequency indicators tracked by Bloomberg News.