India Macro Meter- Deteriorating

May ’19, 62.8% of indicators were in positive territory, down from the 66.7% suggested by early indicators.

However For June’19, only 51.85% of indicators are in positive territory, which is only slightly better than the sub-50% readings registered in the aftermath of demonetisation.

Automobile, two-wheeler and tractor sales continued to slump.

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