India’s economic momentum had picked up pace last February, only to be stopped on its tracks by a global pandemic. The story so far this year bears an eerie resemblance to last year.
Mint’s macro tracker shows a steady improvement in economic indicators over the past few months but a renewed surge in infections once again poses a threat to economic activity and investor sentiments.Of the 16 high frequency indicators considered in the tracker, 7 were in the green, or above their five-year-average growth trend in February, the latest update shows.