Economics
India’s Recession Exit Gains Momentum on Services, Manufacturing
- Gauge measuring economic activity signals steady pace in Jan.
- Exports as well as local vehicle sales post decent growth
This article is for subscribers only.
India’s economy looked ready to leave a sharp downturn behind in the new year, as business and consumer activity showed more signs of gathering momentum in January.
Two of the eight high-frequency indicators tracked by Bloomberg News improved last month, while five held steady and one deteriorated. That, for now, kept the needle on a dial measuring overall economic activity unchanged at 5 -- a number arrived at by using the three-month weighted average to smooth out volatility in the single-month scores.