[ad_1]
The State Bank of India’s Business Activity Index has shown a significant improvement in activity since the end of May 2021, with the latest measurement for the week ending August 9, 2021 being 101.6.
The index on May 22, 2021 was 61.4, and the index on July 21, 2021 was 94.2.
“The recovery is reflected in labor force participation, electricity demand, Google Mobility and the Apple Mobility Index, but there has been a slight drop in RTO revenue collection and vegetable arrivals since last week,” said the State Bank of India (SBI) group. Soumya Kanti Ghosh, Chief Economic Advisor, said.
Also read: Public sector banks reported a sharp drop in MSME loans in the first quarter
Agri production
“Covid-19: Vaccination, vaccination, vaccination!Ghosh observed that the monthly (mother’s) rural recovery in July is expected to continue steadily, if not exceptionally, compared to June (according to key leading indicators).
According to the report, local indicators are sometimes spotted, but remain stable.
“Rural recovery is much better than before the second wave. Agricultural production and rural demand are expected to remain resilient in the future,” he said.
Corona vaccination
According to the report, the current daily vaccination rate is 45 Raku, and the critical mass (70%) is the first dose of Covid-19 vaccination by the end of November 2021 until March 15, 2022. Evaluated that it may be covered by the second dose.
Read also: Top 10 banks create secondary market for corporate loans
“India’s cumulative Covid-19 vaccination rate has exceeded Rs 5.2 billion and so far more than Rs 5.404 billion has been provided to state / union territory,” he added.
In the past month, the rate of vaccination has accelerated, with a 7-day moving average of about 45 Rakı now, with 43% of the eligible population vaccinated on the first vaccination and 12% on the second vaccination. it was done.
..
[ad_2]