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Brisk Covid vaccination rate primes Indian economy for acceleration

Two of the eight high-frequency indicators tracked by Bloomberg News gained speed last month, while five held steady and one slowed

coronavirus, covid-19, vaccine, vaccination
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A health care worker administers a dose of the Covid-19 Covishield vaccine at a vaccination camp set up at Sewa Kendra Aaganbadi School in the Sanjay Camp area of New Delhi, India, on Sunday, Sept. 19, 2021 | Bloomberg

Karthikeyan Sundaram | Bloomberg
India’s economy showed signs it’s ready to accelerate, thanks to its services sector resuming expansion and manufacturing activity retaining growth momentum in August.
 
Two of the eight high-frequency indicators tracked by Bloomberg News gained speed last month, while five held steady and one slowed. The needle on a dial measuring so-called animal spirits, however, remained unchanged from the July level, as the gauge uses three-month weighted average to smooth out volatility in single-month readings.

The monthly expansion in services and manufacturing activity coincided with relatively low new Covid-19 cases and a pick up in the pace of