Second wave halted India's economic recovery but the worst may be over
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New Delhi, June 29 -- India's hopes of a smooth return to pre-pandemic levels of economic output got severely derailed in May as most states imposed lockdowns to fight the second covid-19 wave. As many as 12 of 16 high-frequency indicators considered in Mint's macro tracker were in the red, or below their five-year average trend, in May.
The last time the tracker gave a worse reading was in April 2020, when 13 indicators fell into red due to the first nationwide lockdown. Launched in October 2018, Mint's macro tracker provides a comprehensive state-of-the-economy report based on trends in 16 high-frequency indicators across four segments: consumer economy, producer economy, external sector, and ease of living.
After the poor showing in ...
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