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Resource centre on India's rural distress
 
 

Beware, the numbers can be deceptive -Madan Sabnavis

-The Hindu Business Line

Many high-frequency economic indicators are looking good, but must sustain beyond the unlock period, too

There has been a sudden surge of optimism in the economy with various high-frequency indicators — PMI numbers, auto production/dispatches, e-way bills generated, GST collections, etc. — showing positive tendencies. So, should we be celebrating? The answer is, yes and no.

Yes, because there is something good happening in the economy and hence bodes well for the future. No, because these improvements have already been buffered in any projections for the year and the overall prospects for the economy this year are dim.

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