NEW MICROS AND MACROS
Whenever we talk to any financial expert he will give us a few data point presentations that our economy is working in a certain direction either expansion or recession. Fundamentally barometer of the economy is similar to what we learned in the pre-covid-19 era, but few are changing. Just like the current account deficit, inflation, the fiscal deficit is the same. But economic activity had one barometer. That sale of the new commercial vehicle was the easiest way to tell the audience about expansion in the economy. New barometers like e-way bills are added to the list. Post covid-19, market contraction is getting squeezed rapidly but the sale of commercial vehicles is lagging. The no. of e-way bills are generated showing upper trends. Month on month it is increasing, so the digital payment. Inflation is rising (CPI), but WPI is not matching. After Diwali there used to be a slow down in the economy, the sale goes on till mid-December but factory output gets slow down. It is, in gener