Economics
India’s Economy Seems to Be Shaking Off a Slump
- Bounce in services and manufacturing sectors boosted activity
- All eyes on the budget amid hopes of a fiscal stimulus
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India’s economy appears to be shaking off a slump, as activity in the services and manufacturing sectors expanded for a second straight month in December.
The needle on a gauge measuring so-called animal spirits signaled the economy may be taking a turn for the better, as five of the eight high-frequency indicators tracked by Bloomberg News came in stronger last month. The dial was last at the current position in August.