The 'BluFin Business Cycle Indicator', which reflects various macroeconomic trends on a monthly basis, stood at 166.3 points in May, 5.8 per cent higher compared to the same month last year, suggesting that the Indian economy is growing at a faster rate than the previous year.
According to financial information provider BluFin, this slowdown threatens the fragile economic recovery.
The BluFin's Consumer Confidence Index grew by 1.5 points in October from the previous month to 38.2.
The BluFin Business Cycle Indicator -- that reflects various macroeconomic trends on a monthly basis-- rose to 157.4 in September, slightly higher than 157.8 recorded in August.