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Covid second wave drags business resumption: Nomura

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MUMBAI : As more states are imposing lockdown-like curbs, while others have extended restrictions on mobility, sequential economic growth is hampered, according to Nomura.The Nomura India Business Resumption Index (NIBRI) fell to 64.5 for the week ended 9 May from 69.7 the prior week (that is, 35.5 percentage points (pp) below pre-pandemic levels).

The index is now at levels last seen in mid-June, after having fully recovered in February. The index tracks a weekly dashboard to capture a host of ultra high-frequency data.“We would, however, caution that the drop in mobility exaggerates the hit to economic activity.

International experiences suggest the correlation between mobility and gross domestic product (GDP) growth is much weaker during.

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COVID-19
United States
United States
Cases: 46 252 513
Deaths: 750 423
Recovered: 0
India
India
Cases: 34 321 025
Deaths: 459 652
Recovered: 0
Brazil
Brazil
Cases: 21 835 785
Deaths: 608 235
Recovered: 0
United Kingdom
United Kingdom
Cases: 9 215 683
Deaths: 141 607
Recovered: 0
Russia
Russia
Cases: 8 494 589
Deaths: 237 619
Recovered: 0
Detail statistic
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