India’s economic report card is drenched in red ink
SummaryNine of the 16 high-frequency indicators in Mint’s monthly macro tracker were in red, or below their five-year average trend. This is not as bad as April 2020, but the outlook is more uncertain than before.
India’s nascent economic recovery has been derailed by the second covid-19 wave even before it could gather steam. Just four of the 16 high-frequency indicators in Mint’s monthly macro tracker were in the green, or above the five-year average trend, in April.