Economic activities picked up in December 2022: Bloomberg

India’s economic activities picked up in December 2022 as business conditions improved, as per a news report in Bloomberg. This marks a rebound for the economy, which had shown signs of a slowdown last month. The needle indicating so-called animal spirits moved right after holding steady for five straight months, indicating stronger overall economic activity in December 2022. Consumer spending boosted tax collection and manufacturers signalled optimism about the future, while services sector saw expansion of new businesses.