Covid-19 halts a nascent recovery in its tracks
Live MintIndia’s economic report card showed some signs of improvement with five of the sixteen high-frequency indicators in green as of February, the latest edition of the Mint Macro Tracker shows. The Mint Macro Tracker, launched in October 2018, provides a monthly state-of-the-economy report based on trends in sixteen indicators across four segments: consumer economy, producer economy, external sector, and ease of living. All four indicators of the sector’s performance—PMI composite, core sector growth, bank non-food credit and rail freight traffic growth—had witnessed improvements last month, numbers as of February showed. The consumer sector economy barely showed any improvement even in February with three of the four indicators—passenger vehicle sales, broadband subscriber base growth and domestic air passenger growth—flashing red for the eleventh successive month.