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Biz activity last week higher than pre-COVID level for first time: Report

Biz activity last week higher than pre-COVID level for first time: Report
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Local lockdowns temper India's economic activity in April - The Hindu BusinessLine

Local lockdowns temper India’s economic activity in April
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GDP numbers could show growth at 1% in the March quarter compared to previous year period
India’s economic activity showed signs of beginning to cool off in April as several states resorted to lockdowns to control a deadly second wave of the coronavirus.
Although the three-month weighted average scores of eight indicators tracked by Bloomberg News showed the pace of activity was unchanged from March, the single-month reading pointed to weakness setting in.
Even more recent data from this month confirmed the softening trend in activity. A basket of high-frequency, alternative and market indicators such as retail activity and road congestion pointed to weakness in the week to May 16, Abhishek Gupta, India economist at Bloomberg Economics, said in a report. ....

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