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This Article is From Jul 12, 2022

India's Economy Steady Amid Covid Surge; Easing Commodities May Support Demand: Nirmal Bang

India's Economy Steady Amid Covid Surge; Easing Commodities May Support Demand: Nirmal Bang

India's Economy Steady Amid Covid Surge; Easing Commodities May Support Demand: Nirmal Bang
An auto driver looking at his mobile phone while he waits for passengers. (Photo: Purvesh Parmar/ Unsplash)

BQ Prime'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 BQ Prime's subscribers an opportunity to expand their understanding of companies, sectors and the economy.

Nirmal Bang Report

In the second fortnight of June 2022, active Covid cases doubled from the previous fortnight and have increased by ~ 30% in the first week of July 2022. However, with the number of deaths being low, mobility and economic activities have been steady.

As of July 11, 68.8% of the population has received both doses of the Covid vaccine while ~75.8% have received at least one dose. Due to the recent spurt in Covid cases in India, the administration of booster dose has picked up pace. However, India is lagging behind other nations with a very low percentage of individuals receiving booster doses.

Urban unemployment declined in the second fortnight of June-22 and stood at 7.2% while rural unemployment increased and stood at 8%.

Area sown under kharif crops was reported at 40.7 million hectares as of July 08, 2022, down by 9.3% YoY, but sowing is expected to pick up pace in the coming weeks.

Click on the attachment to read the full report:

DISCLAIMER

This report is authored by an external party. BQ Prime 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 BQ Prime.

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

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