Nirmal Bang: India Covid-19 Recovery Tracker - Out And About On Festive Cheer, But Cautious On Sustainability
Customers shop for discounted garments during the festival of Dhanteras at the Lajpat Nagar market in New Delhi, India (Photographer Prashanth Vishwanthan/Bloomberg)

Nirmal Bang: India Covid-19 Recovery Tracker - Out And About On Festive Cheer, But Cautious On Sustainability

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 November 2020, economic activity showed mixed trends.

The New Delhi traffic congestion index was marginally lower while Google’s mobility indicators witnessed a sharp improvement, except for work place movements.

Movement for essential services (pharmacy and super market) surged.

Use of public transport and movement for retail and recreation were also near pre-Covid-19 levels, helped by festive cheer and the opening up of most retail and recreational outlets.

Both, urban and rural unemployment situation improved.

Click on the attachment to read the full report:

Nirmal Bang India Covid recovery tracker - Economy Update-18 November 2020.pdf

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