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High-Frequency Indicators Begin To Rise From Record Lows
Amidst easing restrictions, India’s economy shows signs of recovery in May after hitting a historic low in April.
27 May 2020, 06:00 PM IST
Early indicators of economic activity are showing a pick-up compared to the record lows hit in the month of April, even though they remain well below levels seen before the onslaught of the Covid-19 crisis.The crisis, which hit Indian shores in March, led to a near complete nationwide lockdown in April. Restrictions on some activities were partially and selectively lifted in May. As a result, indicators such as power consumption, e-w...
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