Nirmal Bang: India’s Economic Activity Rebounds, But Remain Cautious On Sustained Improvement
A motorcyclist wearing a protective mask rides next to a bus in Mumbai, India (Photographer Dhiraj Singh/Bloomberg)

Nirmal Bang: India’s Economic Activity Rebounds, But Remain Cautious On Sustained Improvement

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 September 2020 indicate that 57.6% indicators were in the positive territory, up from the 42.2% suggested by the early indicators in August 2020.

Final data for August 2020 suggest that 34.69% indicators were in the positive territory, same as in July.

The rebound in economic activity is encouraging, but we believe that it is a reflection of normalisation of supply chains, pent-up demand and the start of the festive season.

We would therefore be cautious on the sharp rebound, although we anticipate a gradual recovery going forward.

Click on the attachment to read the full report:

Nirmal Bang India Macro Meter- Economy Update-26 october 2020.pdf

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