The Atlanta Fed spider chart shows where each of 15 labor market indicators sits relative to different dates, such as February 2020 and September 2021. The spider chart reveals that 9 of the 15 indicators, including those for wages and job openings, are either better than February 2020 or nearly as good.
Finally, for efficient monetary policy transmission, and depth, liquidity and efficiency of financial markets, financial intermediaries themselves have to be strengthened. It is in view of all these inter-linkages that I have chosen to provide a brief overview of developments in each of these areas as they have evolved over the past decade and a half in India. II.