Some of the leading indicators showing the economy track are direct and indirect taxes collected by the government. Remember when the government was struggling with GST collections and refunds were getting delayed? That was a leading indicator for example that the economy was not on the right track, and we were going to see a drop in GDP (lagging indicator) by the year end FY 20. This article details of some of the things I am glad to see… some enthusing macro signals of the waning impact of the pandemic on the Indian economy for a better end to FY 21.
