India Economy Update- Sequential Momentum Slows Sharply, But Localised Lockdowns Less Stringent: Nirmal Bang
People wait at a near-empty bus station during lockdown restrictions imposed by the state government in Pune. (Photographer: Dhiraj Singh/Bloomberg).

India Economy Update- Sequential Momentum Slows Sharply, But Localised Lockdowns Less Stringent: 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

Early data for April 2021 indicate that 86.2% of indicators are in the positive territory, up from 78.8% in March 2021.

Final data for March 2021 indicate that 81.3% of indicators were in the positive territory.

However, YoY data masks a sharp sequential slowdown and also suggest that localised lockdowns in 2021 are a lot less stringent than the nationwide lockdown in 2020.

On a month-on-month basis, only 39.4% of indicators are in the positive territory and stand at the lowest level since April 2020.

Despite spread of Covid-19 into rural areas, overall rural activity seems to be resilient.

Click on the attachment to read the full report:

Nirmal Bang India Macro Meter- Economy Update-31 May 2021.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 author entity 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.

BQ Install

Bloomberg Quint

Add BloombergQuint App to Home screen.