Nirmal Bang: India Covid-19 Recovery Tracker - Out And About On Festive Cheer, But Cautious On Sustainability

India’s economic activity indicators showed mixed trends during the first fortnight of November 2020.

Customers shop for discounted garments during the festival of Dhanteras at the Lajpat Nagar market in New Delhi, India (Photographer Prashanth Vishwanthan/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 first fortnight of November 2020, economic activity showed mixed trends.

The New Delhi traffic congestion index was marginally lower while Google’s mobility indicators witnessed a sharp improvement, except for work place movements.

Movement for essential services (pharmacy and super market) surged.

Use of public transport and movement for retail and recreation were also near pre-Covid-19 levels, helped by festive cheer and the opening up of most retail and recreational outlets.

Both, urban and rural unemployment situation improved.

Click on the attachment to read the full report:

Nirmal Bang India Covid recovery tracker - Economy Update-18 November 2020.pdf
Read Document

DISCLAIMER

This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the brokerage and do not represent the views of BloombergQuint.

Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

lock-gif
To continue reading this story
Subscribe to unlock & enjoy all Members-only benefits
Still Not convinced ?  Know More
Get live Stock market updates, Business news, Today’s latest news, Trending stories, and Videos on NDTV Profit.
GET REGULAR UPDATES