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NEW DELHI: India’s economic activity showed signs of beginning to cool off in April as several states resorted to lockdowns to control a deadly second wave of the coronavirus. Although the three-month weighted average scores of eight indicators tracked by Bloomberg News showed the pace of activity was unchanged from March, the single month reading pointed to weakness setting in. Even more recent data from this month confirmed the softening trend in activity. A basket of high-frequency, alternative and market indicators such as retail activity and road congestion pointed to weakness in the week to May 16, Abhishek Gupta, India economist at Bloomberg Economics, said in a report.

Abhishek guptaMaruti suzuki india ltdHero motocorp ltdCentre for monitoring indian economy pvtMarkit india servicesMonetary policy committeeBloomberg newsBloomberg economicsMaruti suzuki indiaHero motocorpMonitoring indian economy pvtIndia servicesஅபிஷேக் குப்தாமாருதி ஸஸூகீ இந்தியா லிமிடெட்ஹீரோ மோட்டோகார்ப் லிமிடெட்மையம் க்கு கண்காணிப்பு இந்தியன் பொருளாதாரம் பிரைவேட்