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This Article is From May 07, 2021

India Economy Update - Mobility Comes To A Halt As Virus Ravages: Nirmal Bang

India Economy Update - Mobility Comes To A Halt As Virus Ravages: Nirmal Bang

India Economy Update - Mobility Comes To A Halt As Virus Ravages: Nirmal Bang
A motorcyclist travels along a deserted Marine Drive during a weekend lockdown in Mumbai. (Photographer: Dhiraj Singh/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 second fortnight of April 2021, localised lockdowns virtually drove mobility to a halt and to levels last seen in May 2020.

The number of active cases increased by over 115% from the previous fortnight, but at a slower pace than recorded earlier.

But, mortality rose at a faster pace and was up by 230.4% YoY.

The pace of vaccination is picking up but it is still far from reaching critical mass.

Only ~2.2% of the Indian population is fully vaccinated while ~9.6% have taken just one dose of the vaccine.

The urban unemployment rate edged up to 9.5% from 8.5% in the previous fortnight while rural unemployment increased marginally from 6.6% to 7%.

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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