The sentiment boost that India’s economy is in dire need of4 min read . Updated: 09 Jul 2021, 01:17 AM IST
India’s economic recovery has run into signals of weakness that suggest caution-constrained demand and a need to uplift sentiment via public spending that may help stir ‘animal spirits’.
With many Indian states having commenced a phased unlocking, a sequential improvement in economic momentum set in last month, as confirmed by high-frequency indicators such as goods and services tax (GST) e-way bills, vehicle registrations, electricity demand, rail freight and petrol consumption.
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