India Economy Update - Covid-19 Recovery Driving Return To Normalcy, But Not Yet There: Nirmal Bang
Commuters wearing protective masks exit the Chhatrapati Shivaji Maharaj Terminus (CST) railway station in Mumbai, India. (Photographer: Dhiraj Singh/Bloomberg)

India Economy Update - Covid-19 Recovery Driving Return To Normalcy, But Not Yet There: Nirmal Bang

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 February 2021, economic recovery held up. Google mobility indicators improved (except for work-place movement) while the Tom-Tom New Delhi traffic congestion index also moved up quite sharply.

Rural unemployment rate inched up most likely on lower job creation under the Mahatma Gandhi National Rural Employment Guarantee Act while urban unemployment improved, supported by economic recovery and the improving Covid-19 scenario.

The rural growth story however continues to hold up.

Rabi sowing was up 2.6% YoY at the close of the season while Kharif procurement is up 16% YoY.

Click on the attachment to read the full report:

Nirmal Bang India Covid Recovery Tracker - Economy Update-17 February 2021.pdf

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