Good news for Indian economy! Sharp improvement in indicators witnessing a positive trend: Bernstein macro index
There has been an improvement in various indicators of manufacturing in Oct. IIP bounced back to positive territory in Sep while manufacturing PMI rose to 58.9 on Oct-19, the highest since 2008 implying strong expansion in manufacturing activity ahead. Service PMI too rebounded in Oct moving above 50 after 7 months. Eight core industries continue to improve on account of strength in coal production.
E-commerce sales were up 40% YoY this season (similar to FY20) but we expected a larger growth due to the expected shift from offline to online: IANS