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These Numbers Show How India's Economy Grew Steadily — Before Omicron Hit

  • New orders posted the highest reading since February 2012
  • RBI says it’s premature to gauge effects of omicron variant

India’s economy was expanding at a steady pace in November, a month that saw the omicron variant of coronavirus induce fresh concerns about risks to the recovery.

All eight high-frequency indicators tracked by Bloomberg News were steady last month, keeping the needle on a dial measuring the so-called ‘Animal Spirits’ unchanged at 5. The level was arrived at by using the three-month weighted average readings to smooth out volatility in the single-month scores.