Economics
Early Signs of India Economic Recovery Wane as Virus Surges
- Several states impose lockdowns even as nationwide curbs eased
- Leading indicators show recovery stalled in recent weeks
Photographer: Diptendu Dutta/AFP via Getty Images
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India’s economic activity monitors are beginning to flatline just months after showing signs of returning to life.
Latest data from Apple Inc. and Alphabet Inc.’s Google showed mobility suffered in recent weeks after notching up an increase since May, when Asia’s third-largest economy began exiting a nationwide lockdown to contain the coronavirus outbreak. Elsewhere, high-frequency indicators from purchasing mangers’ surveys to fuel sales show activity leveling off in July. And that’s not all.