Key high frequency indicators of economic activity trended higher in the latest week.
Fifteen per cent more vehicles were registered in the latest week than in the corresponding period of 2019. About 414,000 vehicles were registered in the seven day ended Sunday, compared to around 360,000 in the same period in 2019. This reverses the gap seen in the previous week.
The Indian Railways recorded higher freight growth numbers. The year-on-year growth in the volume of goods carried came in at 8.91 per cent compared to 7.17 per cent previously. The money it made from carrying these goods, called freight