India’s Virus Curve Trending Down, Economic Recovery Curve Flat: Nirmal Bang
Passengers wear protective masks while travelling by bus during the morning rush hour in Mumbai, India (Photographer Dhiraj Singh/Bloomberg)

India’s Virus Curve Trending Down, Economic Recovery Curve Flat: 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 December 2020, India’s virus curve turned downward.

The number of active cases declined by 24% during the fortnight. The number of deaths was down by 12.5%.

The New Delhi traffic congestion index improved marginally while Google’s mobility indices for workplace and public transport witnessed significant improvement. Movement for retail and recreation was flat.

Movement for essential activities (grocery and pharmacy) remained flat but in positive territory. Both, urban and rural unemployment sustained the worsening trend from the previous fortnight.

However, overall rural economic activities seem to be holding up.

Click on the attachment to read the full report:

Nirmal Bang India Covid Recovery Tracker - Economy Update-18 December 2020.pdf

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