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SBI business activity index at 5-month low - The Hindu BusinessLine

April 23, 2021
Lender’s economic research department revises GDP growth forecast to 10.4%
State Bank of India’s Business Activity Index is now at a 5-month low at 86.3 in the week ended April 19. All indicators have shown a dip with maximum decline in Apple mobility, weekly food arrival at mandis, and RTO revenue collection, according to SBI’s ERD.
This is in line with Nomura India Business Resumption Index (NIBRI), which indicated that the pace of economic activity has dipped to 83.8 for the week ending April 18 versus 88.4 in the previous week (revised down from 90.4) This suggests that the economy is ~16.2pp below its pre-pandemic normal, and at levels last seen in October-end. ....

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Prof K Nageshwar: Signs Of Economic Distress As 2nd Wave Grips The Nation

Prof K Nageshwar: Signs Of Economic Distress As 2nd Wave Grips The Nation
Published by GulteDesk
April 19, 2021
Indian economy that suffered massive erosion due to COVID-19 so far is once again witnessing the signs of economic distress,as the second wave looms large over the country. Even before the Delhi government announced a week long lockdown starting from today, several state governments across the country started imposing some or other restrictions. The fear of COVID has dampened the mobility of the people, which is evident from several indices.
The mobility indicators deteriorated as the restrictions in the wake of second wave dampened social mobility. Google Retail & Recreation and Workplace Mobility Indicators have fallen by 5.9 percentage points and 2.7 percentage points respectively as of April 12 compared to the previous week.The Apple Driving Index has dropped by a whopping 8.4 during this period.The Traffic Congestion Index (TCI), collected by ....

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