Some warning signs in India’s economic report card
The pace of recovery in the Indian economy is slowing, high-frequency indicators suggest. Among 16 indicators considered in Mint’s macro tracker, half were in the red in October, latest numbers show
After a historic contraction in the July-ended quarter, when India’s gross domestic product (GDP) declined 24% compared to the year-ago period, economists expect India’s economic contraction to be narrower in the Sep-ended quarter. The official figures are due for release later this week.