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Will the second Covid wave hit consumption demand in India? Will the second Covid wave hit consumption demand in India? Consumption patterns in India havenât been largely impacted by the global pandemic. The fourth-quarter results have shown strengthening recovery and an increase in demand especially in the packaged food and hygiene product segment. However, the second Covid wave, which intensified in April, is putting a question mark on the sustenance of recovery. In an analyst call on Tuesday, Jon R. Moeller Vice Chairman and Chief Operating Officer, Proctor and Gamble pointing out the health situation in markets like India, Brazil, Turkey, said it is worse than it s ever been. âThese markets do not have the healthcare infrastructure, nor the financial means to provide subsidies to their citizenry. And as a result, when this happens, employment is affected, consumption is affected, GDP is down significantly in some of these markets,â he said. ....
Inflation and lockdown worries weigh on G-secs; yields rise 10 bps SECTIONS Share Synopsis The move came on a day when the Reserve Bank of India conducted its first government securities acquisition programme (G-SAP), a mechanism to keep rising yields under check. Shutterstock.com Related MUMBAI: The benchmark bond yield surged Thursday pulling prices down as an unexpected wholesale price rise coupled with an estimated economic cost of localised lockdown weighed on investor sentiment. The move came on a day when the Reserve Bank of India conducted its first government securities acquisition programme (G-SAP), a mechanism to keep rising yields under check. The central bank bought Rs 25,000 crore worth of sovereign papers including the benchmark one. ....