Omicron impact on economy fairly muted
Live MintThe impact of the third wave on the Indian economy turned out to be far less severe than the previous two waves, shows the latest update to Mint’s monthly macro tracker. Launched in October 2018, Mint’s macro tracker provides a comprehensive monthly report on the state of the economy based on trends in 16 high-frequency indicators across four segments, including consumer economy, producer economy, external sector, and the ease of living. Mint Macro Tracker The slowdown in domestic air traffic because of the Omicron variant of coronavirus pushed the consumer economy segment to its worst level since October 2021, with three of the four indicators falling into the red. Exports in labour-intensive sectors grew on absolute levels, but the overall growth rate slowed compared with the performance two years ago.
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