High-frequency indicators of economic activity showed signs of further improvement in the latest week. The Indian Railways carried 10.7 per cent more goods by quantity in the latest week compared to 6.1 per cent in the previous week. The earnings from the goods carried, called freight revenue, was up 21.6 per cent compared to 17.7 per cent in the previous week (see chart 1).

       People are also moving around more, according to data from search engine Google’s mobility report. It is based on anonymised location data. The latest numbers are for November 18. Workplace visits are now ...