India Economy Update - Mobility Comes To A Halt As Virus Ravages: Nirmal Bang
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Nirmal Bang Report
In the second fortnight of April 2021, localised lockdowns virtually drove mobility to a halt and to levels last seen in May 2020.
The number of active cases increased by over 115% from the previous fortnight, but at a slower pace than recorded earlier.
But, mortality rose at a faster pace and was up by 230.4% YoY.
The pace of vaccination is picking up but it is still far from reaching critical mass.
Only ~2.2% of the Indian population is fully vaccinated while ~9.6% have taken just one dose of the vaccine.
The urban unemployment rate edged up to 9.5% from 8.5% in the previous fortnight while rural unemployment increased marginally from 6.6% to 7%.
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