Saturday, December 20, 2025 | 08:40 PM ISTहिंदी में पढें
Business Standard
Notification Icon
userprofile IconSearch

Did festival demand revive Indian economy's animal spirits in October?

Demand during the festival season helped boost three of the eight high-frequency indicators

growth, profit, loss, currency, debt, reforms, investment, recovery, revival, revenue, share, value, stock, economy, returns, investment, gdp
premium

Activity in India’s dominant services sector expanded in October for the first time in eight months

Anirban Nag | Bloomberg
India’s economy showed more signs of a recovery taking hold in October, increasing the likelihood it will exit a pandemic-induced recession in the final quarter of this year.

Demand during the festival season helped boost three of the eight high-frequency indicators tracked by Bloomberg News last month, while three were unchanged and two deteriorated. That kept the needle on a dial measuring so-called ‘Animal Spirits’ steady at 5 -- a level arrived at by using the three-month weighted average to smooth out volatility in the single-month readings.