Economics
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
This article is for subscribers only.
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.