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This Article is From Mar 20, 2022

India Economy-Covid Cases Decline But Vaccination Slowing; Slow Recovery In Retail, Recreation: Nirmal Bang

India Economy-Covid Cases Decline But Vaccination Slowing; Slow Recovery In Retail, Recreation: Nirmal Bang
A healthcare worker prepares a dose of the Biological-E Ltd. Corbevax Covid-19 vaccine at a vaccination center in New Delhi, India. (Photographer T. Narayan/Bloomberg)

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 March 2022, mobility continued to improve, but retail and recreation witnessed slow recovery despite a sharp decline in Covid-19 cases.

Active cases declined by ~67% over the previous fortnight. However, the incremental number of fully vaccinated persons has been slowing over the last couple of fortnights and was down by 19% from the previous fortnight.

As of March 16, 2022, 72% population had received at least one dose while 61% had received both doses.

Urban unemployment inched up to 7.9% from 7.5% in the previous fortnight while rural unemployment improved to 6.9% from 8.4% in the previous fortnight.

Economic activity largely continues to hold up well and even the services sector is inching close to pre-Covid level.

Click on the attachment to read the full report:

DISCLAIMER

This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.

Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

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