Nirmal Bang: India Macro Meter - Economic Activity Holds Up; But No Further Acceleration
A cyclist wears a protective mask while riding along a near-empty Sabarmati Riverfront in Ahmedabad, India (Photographer Sumit Dayal/Bloomberg)

Nirmal Bang: India Macro Meter - Economic Activity Holds Up; But No Further Acceleration

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 October 2020 indicate that 57.6% indicators were in the positive territory, unchanged from September 2020.

Final data for September-20 suggest that 59.18% indicators were in the positive territory.

The recovery witnessed in September and October is partially on account of a low base (only 34% of indicators in September 2019 and 32% of indicators in October 2019 were in the positive territory), helped by pent-up demand, normalisation of supply and a good festive season.

Click on the attachment to read the full report:

Nirmal Bang India Macro Meter- Economy Update-24 November 2020.pdf

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