Business Standard

How will Indian economy do in 2019? 'Animal spirits' hint to a tame start

With exports continuing to trail imports, India's trade deficit widened in January from a month ago

economy, business, India

Photo: Shutterstock

Anirban Nag | Bloomberg
India’s economy started the New Year still hungover from the sluggish showing in end-2018, stoking expectations for more monetary stimulus from the central bank.

A set of indicators tracked by Bloomberg to measure “animal spirits” -- a term coined by British economist John Maynard Keynes to refer to investors’ confidence in taking action -- showed weaker indicators outnumber stronger ones 4-3 in January. A pullback in exports and business activity weighed on sentiment.

While India’s inflation-targeting central bank cut interest rates earlier this month to prop up economic growth, Governor Shaktikanta Das kept the door open for more when he

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Feb 28 2019 | 8:58 AM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on are available only to BS Premium subscribers.

Register to