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Systematix Research Report
The active Covid-19 cases in India have declined by ~81% as of June 21, 2021 from the peak of 37.4 lakh cases on May 10, 2021.
Encouraged by the reduced case-load, most states have started easing the lockdown restrictions. The vaccination drive has also picked pace over the last few weeks.
The top-10 states, in terms of share in vaccination, contribute to ~70% of the country’s gross domestic product.
High-frequency indicators such as electricity demand, e-way bills and railway freight suggest resumption in economic activity with the infection rate declining gradually.
However, the consumption sentiment remains weak.
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