New Delhi, July 1 -- A decline in domestic air passenger traffic and passenger vehicle sales weighed on India's overall economic performance in May, showed the 16 high-frequency indicators tracked by Mint in its monthly macro tracker.







Seven indicators were in red, up from five the previous month, while the number of indicators in green fell to six from seven in April. For each indicator, the value in each month is assigned a colour coding (red, amber and green) to denote where it lies relative to the five-year average (red denotes worse, amber denotes it is in line with the average range, and green denotes better).







In fact, the number of indicators below their five-year averages was the highest since November last year. The ...