India’s Economic Activity Sailing On Despite The Rising Covid-19 Wave: Nirmal Bang
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Nirmal Bang Report
In the second fortnight of March 2021, economic activity did not witness a sharp slowdown despite the sharp rise in Covid-19 cases and deaths.
The number of active Covid-19 cases rose by 152.01% from the previous fortnight, the biggest fortnightly increase since April 20.
The number of deaths was up by 115.8%, the biggest fortnightly increase since May 20.
Meanwhile, the pace of vaccination is picking up, but it is yet to reach critical mass, and only about 3-3.6 million people are being fully vaccinated (completed two doses) every fortnight.
As of March 31, 2021, only ~9.1 million people were fully vaccinated.
Mobility indicators witnessed some slowdown, except for essential activities.
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