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Россияне скупают жилье за границей ради иностранных паспортов
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The State Bank Of India research publication Ecowrap noted in its latest edition today that business activity index which has been declining steeply since April, has dipped to a new low level of 71.7, the level attained in mid-Aug 20. This indicates the disruption caused by increased lockdowns/ restrictions imposed in various States. The latest week shows dip in all indicators, except for weekly food arrival and electricity consumption.
Even the monthly leading indicators, including GST e-way bills, vehicle sales, fertiliser sales have declined in Apr 21 when compared to Mar 21. The yearly SBI Composite Index reached to all time high of 59.8 (High Growth) in April 2021, compared to 55.9 (High Growth) in Mar 21, and 40.0 (Large Decline) in Apr 20, due to base effect. However, the monthly index continued to decline to 50.2 (Moderate Growth) in Apr 21, compared to 52.1 (Moderate Growth) and 24.0 (Large Decline) in Apr 20.