The recent surge in COVID-19 cases has resulted in a dip in consumer confidence and reignited uncertainty regarding the near-term outlook, it said.
Icra cuts its FY22 GDP estimate by 0 5%, sees economy expanding by 10 5%
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Icra cuts its FY22 GDP estimate by 0 5%, sees economy expanding by 10 5%
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Icra cuts its FY22 GDP estimate by 0 5%, sees economy expanding by 10 5%
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India s business activity falls to levels last seen in December
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The Nomura India Business Resumption Index (NIBRI) fell to 90.4 for the week ended April 11 from 93.7 a week earlier, the firm said in a report on Thursday. The index had last recorded such figures in December. The key reason behind the dip was a deterioration in mobility indicators in response to the lockdowns and cautious consumer behaviour, the report said.
ANI
The Oxford Stringency Index for India rose to 69.9 as of April 13, from a recent low of 57.9 at the start of the month, reflecting the pan-India spread of the lockdown, but lower than 100 seen in April last year.