Indicators
India’s Economic Activity Looks Set to Slow as Resilience Wanes
- Needle on dial just one bad data away from swinging to left
- Exports growth loses momentum as demand slowdown takes hold
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India’s economy appeared to slow rather than accelerate last month, as high-frequency indicators tracked by Bloomberg signaled worsening business and consumption activity.
Although a dial measuring so-called animal spirits showed activity was steady for a fifth straight month in November, the needle was just one bad data point away from swinging to the left. Exports, a key growth lever in the past year, was among three of eight metrics that performed poorly. The rest were unchanged.