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Weekly economic indicators stuck in narrow range, exports remain subdued

Electricity, freight numbers improve over previous week; but remain lower early-October levels

Traffic, vehicles

Traffic levels are around 75 per cent of levels seen in 2019

Sachin P MampattaShine JacobKrishna Kant Mumbai/New Delhi
Key indicators of economic activity trended higher for the latest week, but remained below levels seen earlier in the month; reflecting the challenging environment for growth in gross domestic product (GDP) referred to by a central bank committee earlier in the month.

“Both private investment and exports are likely to be subdued, especially as external demand is still anaemic. Taking into consideration the above factors and the uncertain Covid-19 trajectory, real GDP growth in 2020-21 is expected to be negative...with risks tilted to the downside,” said the minutes of the monetary policy committee meeting which was held between October 7

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First Published: Oct 27 2020 | 3:33 PM IST

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