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Lockdown drives India’s economy into deep coma
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Fourteen of the sixteen indicators tracked by the Mint Macro Tracker were in the red as of April, signalling a deep economic plunge India’s months-long-lockdown may not have succeeded in flattening the infection curve but it has flattened the economic growth curve, the latest edition of the Mint Macro Tracker shows.
14 of the 16 high-frequency indicators considered in the tracker were in the red (below their five-year growth trend) in April.
Only two indicators - retail inflation and import cover- were in the green (above their five-year growth trend). This is the worst performance of the Indian economy since the tracker was launched 19 months ago.
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