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High-Frequency Indicators Begin To Rise From Record Lows
Amidst easing restrictions, India’s economy shows signs of recovery in May after hitting a historic low in April.
27 May 2020, 06:00 PM IST ![NDTV Profit](/icons/feather-without-circle.svg)
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![Vendors wear protective masks and face shields while working at a cafe in the Indira Gandhi International Airport during a partial lockdown implemented due to the coronavirus in New Delhi, India, on Monday, May 25, 2020. Photographer: T. Narayan/Bloomberg](https://media.assettype.com/bloombergquint%2F2020-05%2Faf86a186-76c7-4340-b9a0-6c002a1fdfaa%2F362237774.jpg?rect=0%2C8%2C3998%2C2249&auto=format%2Ccompress&w=200)
Vendors wear protective masks and face shields while working at a cafe in the Indira Gandhi International Airport during a partial lockdown implemented due to the coronavirus in New Delhi, India, on Monday, May 25, 2020. Photographer: T. Narayan/Bloomberg
Early indicators of economic activity are showing a pick-up compared to the record lows hit in the month of April, even though they remain well below levels seen before the onslaught of the Covid-19 crisis.The crisis, which hit Indian shores in March, led to a near complete nationwide lockdown in April. Restrictions on some activities were partially and selectively lifted in May. As a result, indicators such as power consumption, e-w...
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