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The worst hit to economic activity is limited to May, and a sequential improvement will follow in June, Japanese brokerage Nomura has said in a report.After falling for 11 consecutive weeks, the Nomura India Business Resumption Index (NIBRI) . ....
“Although the second wave will likely constrain sequential growth momentum in Q2CY21, we expect the damage to be significantly less than during the first wave and less than currently feared,” said Sonal Verma, chief economist at Nomura Securities. ....
India Business News: After declining for 11 consecutive weeks, an economic activity index plotted by a Japanese brokerage showed its first pick up for the week ended May 3 ....