Ten of the sixteen indicators tracked by the Mint Macro Tracker were in the red as of March reversing the improvements seen in February India’s economic report card has started to show signs of stress, with ten of the sixteen high-frequency indicators in red (below the five-year average trend) as of March, the latest edition of the Mint Macro Tracker shows.
Of the remaining 16 indicators, five were in green while one maintained trend. This marks a deterioration compared to February, when eight indicators were in red and seven were in green.
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