Spooky times
With our second wave of covid eluding control, uncertainty levels have risen again amid a flurry of reimposed restrictions. Hotspots in a few industrial states are under partial lockdown, a word that administrators have tiptoed around, given the shudders it evokes
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After dismal core sector output, the March reading of India’s Purchasing Managers Index for manufacturing is the latest to suggest our economic recovery might be losing steam. The index, released by IHS Markit on Monday, dropped to 55.4 last month from 57.5 in February. Though still above 50, indicative of order books filling up instead of thinning out, the latest figure is the lowest in seven months and stands out among Asian economies, which have mostly seen upturns sustain.