Most institutional and private forecasts expect the Indian economy to contract at a double-digit rate in the current fiscal year. This, despite the fact that the economy has been showing a sequential (month on month) improvement compared to the situation when it was locked down. However, some high frequency economic indicators suggest that not only is the economy showing sequential improvement, it might actually have surpassed last year’s levels, albeit in some areas. Does this mean that India’s economic performance will end up being better than projected?
Finance minister Nirmala Sitharaman hinted as…
SOURCE: HINDUSTAN TIMES