Animal spirits stir, fresh data shows Indian economy probably past the worst phase

The pickup in the gauge, which uses the three-month weighted average to smooth out volatility in the single-month readings, holds out hope for a gradual recovery. The world’s biggest lockdown brought activity to a virtual halt last quarter, with data due Aug. 31. likely to show gross domestic product declined 19.2% from a year ago.

from Economy-News-Economic Times https://ift.tt/34LqSgp