Economy is slowing, shows Mint’s Macro Tracker

The Union budget 2019 will be presented at a time when the economy is losing momentum. That’s the central message from the latest update of the Mint Macro Tracker, launched in October to provide a comprehensive view of 16 high-frequency economic indicators.

The Macro Tracker shows that out of the 16 indicators, five were in the green (above the five-year average trend) as of December 2018, while eight indicators were in the red (below the five-year average trend).

These figures are considerably worse than what they were even six months ago, when eight indicators were in the green, and five in the red.