Economy Update - India's Economy Steers Through Second Wave Correction: Systematix
A vendor counts one hundred rupee banknotes at a wholesale market in Delhi, India. (Photographer: Anindito Mukherjee/Bloomberg)

Economy Update - India's Economy Steers Through Second Wave Correction: Systematix

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.

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.

Click on the attachment to read the full report:

Systematix India Economy Update.pdf

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