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This Article is From Oct 07, 2020

Nirmal Bang: India’s Economic Recovery On Track But Long Way To Go; Virus May Be Near Peak

Nirmal Bang: India’s Economic Recovery On Track But Long Way To Go; Virus May Be Near Peak
Commuters wearing protective masks exit the Chhatrapati Shivaji Maharaj Terminus (CST) railway station in Mumbai, India. (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. 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 September, economic recovery sustained and news flow turned incrementally positive.

Despite the news flow about increasing virus cases, active cases were actually down 5% as on Sept. 30 from the previous fortnight, suggesting that we may be near the peak.

The number of deaths during the fortnight was only marginally higher from the previous fortnight, unlike the exponential increase seen in the early days.

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 brokerage 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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