ICICI Securities: Measuring Contact-Intensity Of Economic Sectors 
Commuters exit the Chhatrapati Shivaji Maharaj Terminus (CST) railway station in Mumbai, India. (Photographer: Dhiraj Singh/Bloomberg)

ICICI Securities: Measuring Contact-Intensity Of Economic Sectors 

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

ICICI Securities Report

The unlock 3.0 guidelines implemented from August 01, 2020 allowed almost all activities outside containment zones and essential activities within containment zones.

Despite an increasing number of activities being allowed under each version of Unlock, high frequency indicators show that economic activity has plateaued since mid-June.

While a race for Covid-19 vaccine is on, the general consensus in the scientific community is that an effective and safe vaccine may not become available for public use before mid 2021.

Hence, while the government may relax lockdown restrictions further, consumers are likely to voluntarily avoid activities that require heavy human contact.

As a result, we expect economic activity in contact-intensive sectors to remain suboptimal at least for the next two to three quarters.

In this report, we assess sector-wise contact-intensity from two perspectives: contact intensity of final demand and contact-intensity of supply chain.

Click on the attachment to read the full report:

ICICI Securities Economic Sectors .pdf

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.

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