India Covid Tracker- In The Throes Of Third Wave; Economic Activity May Not Be Greatly Derailed: Nirmal Bang

India Covid Tracker- In The Throes Of Third Wave; Economic Activity May Not Be Greatly Derailed: Nirmal Bang

Passengers wear protective masks while travelling by bus during the morning rush hour in Mumbai, India. (Photographer Dhiraj Singh/Bloomberg)

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

Nirmal Bang Report

In the second fortnight of December 2021, the number of active Covid-19 cases rose marginally after declining continuously since May 2021. In the first week of January 2022, cases surged by ~416%, suggesting that India may be in a third Covid-19 wave.

In the second fortnight of Dec-21, the number of deaths were down by 30.9% from the previous fortnight. However, the number of deaths has not seen a significant spike in the first week of Jan-22. This leads us to believe that with subsequent waves of the pandemic, the severity of restrictions/lockdowns and the disease wanes over time.

Mobility has slowed with rising Covid-19 cases, with mobility for retail and recreation slipping back below pre-pandemic levels. However, workplace mobility has improved over the fortnight.

Click on the attachment to read the full report:

Nirmal Bang India Covid Recovery Tracker - Economy Update- 09 January 2022.pdf
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