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This Article is From Oct 21, 2020

Nirmal Bang: India’s Economic Recovery Holding Up; Virus Curve Turns Down

Nirmal Bang: India’s Economic Recovery Holding Up; Virus Curve Turns Down
A cyclist wearing a protective mask rides past trucks idled near the Kaushambi-Delhi border, Uttar Pradesh, India (Photographer Anindito Mukherjee/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 first fortnight of October, economic recovery sustained while the number of active Covid-19 cases fell by 14% from the previous fortnight.

The number of deaths fell by 17.65% from the previous fortnight.

The New Delhi traffic congestion index was largely stable while Google's mobility indicators improved, except for work place movements, which slowed slightly from the previous fortnight.

However, movement for essential services (pharmacy and super market) is back above pre-Covid levels.

Both urban and rural unemployment have improved to below pre-Covid levels, but rural unemployment increased slightly from the previous fortnight.

Power generation and E-way bill generation are holding up well, but are marginally lower when compared to the previous fortnight.

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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