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Liquidity crunch keeping outlook for world's fastest-growing economy muted

The measure, compiled by Bloomberg News, reflects a sharp drop in a liquidity indicator, a sign of tight financial conditions, as well as slowing growth in infrastructure industries

Economy
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Economy

Anirban Nag | Bloomberg
A banking liquidity crunch and weak business sentiment before state elections this year outweighed signs of a revival in consumer demand during India’s main festival season, keeping the outlook for the world’s fastest-growing major economy muted.

An overall activity indicator measuring animal spirits -- a term coined by British economist John Maynard Keynes to refer to investors’ confidence in taking action -- was unchanged in October despite a slew of data from two-wheeler vehicle sales to consumer demand showing an improvement from the previous month. The measure, compiled by Bloomberg News, reflects a sharp drop in a liquidity indicator, a sign

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