New Delhi, July 17 -- High-frequency indicators of the Indian economy has indicated signs of slowdown, as highlighted in a report by Nuvama.

Despite the Reserve Bank of India's (RBI) efforts to support growth through rate cuts and other liquidity measures, growth momentum across key sectors is showing signs of weakness.

The report pointed out that most of the economic indicators data that were in double digits a year ago have now slipped into single digits, similar to the levels seen before the COVID-19 pandemic.

It stated, "India's high frequency data are now slowing with most of them moving to single digits".

The report mentions that India's bank credit growth, which was 16 per cent a year ago, has now declined to 9 per cent as of J...