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Business activity climbs back to pre-second wave levels


As new Coronavirus infection cases decrease, business activity in India has climbed back to the pre-second wave levels, said Japanese brokerage firm, Nomura. The Nomura India Business Resumption Index (NIBRI) accelerated to 95.7 for the week ending July 11, 2021 from 91 the previous week, it said, adding that it was only 4.3 percentage points (pp) below the pre-pandemic levels of March 2020 and back to the pre-second wave levels from mid-March. Mobility indicators like Google’s workplace and retail and recreation mobility indices surged by 5.1 pp and 7.4 pp, respectively, from the previous week. The Apple driving index rose by 7.9 pp, as per a report.

 

Source: Exim News Service: New Delhi, July 21

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