India Economy Update - Mobility Comes To A Halt As Virus Ravages: Nirmal Bang
A motorcyclist travels along a deserted Marine Drive during a weekend lockdown in Mumbai. (Photographer: Dhiraj Singh/Bloomberg)

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%.

Click on the attachment to read the full report:

Nirmal Bang India Covid recovery tracker -Economy Update-05 May 2021.pdf

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