Trending

Stories

SBI Business Activity Index is Down With New Low in April

Tidio Live Chat Software - Add Tidio live chat software to your website in minutes. Contact visitors and turn them into happy customers. Enhance their experience and boost your sales. Get it for Free

WP Rocket - WordPress Caching Plugin

Must Read

The SBI business activity index has declined to hit a new low in April amid the second wave of Covid-19 and the fresh lockdown measures.

An SBI Ecowrap report said that the index is 24.3 percent down from the pre-pandemic level.

Also Read

“SBI business activity Index which has been declining in April’21 has now dipped to a new low of 75.7, the level it had attained in August 2020 and now a clear 24.3 per cent down from-pre pandemic level,” it said.

This indicates the disruption caused by increased lockdowns and restrictions imposed in various states, is now having a meaningful impact on economic activity.

Elegant Themes - The most popular WordPress theme in the world and the ultimate WordPress Page Builder. Get a 30-day money-back guarantee. Get it for Free

All the indicators, except for labour participation and electricity consumption have declined significantly during April, indicating that labour market disruptions are still manageable unlike the first wave, it said.

Noting that India managed the first wave of pandemic well, and the country is now facing an unprecedented second wave, it said: “There is no doubt that India could have done better. However, it must be emphasized that the ferocity of the second wave had even exposed the developed countries’ health infrastructure.”

To fight with the second wave of Covid-19, most of the European and other nations imposed nationwide lockdown in the range of one week to six months, it said.

The report, however, noted that India’s recovery rate, which was at 97 percent at the beginning of the second wave, is now at 82.5 percent. This 14.5 percent reduction in recovery rate has happened over a period of 69 days.

“Based on other countries’ experience, we believe India might reach its second peak when the recovery rate will be at 77.8 percent. Given that every 1 percent reduction in recovery rate takes around 4.5 days, it translates into around 20 days from now,” it said.

It further said that every 1 per cent reduction in recovery rate increases active cases by 1.85 lakh.

“Thus we believe peak of second wave would come around mid-May with active cases reaching around 36 lakh at that point of time,” said the report.

iThemes WordPress Hosting

Stay updated

Subscribe to our newsletter and never miss an update on the latest tech, gaming, startup, how to guide, deals and more.

Latest

Stories

- Advertisement -
- Advertisement -

Latest

Grow Your Business

Place your brand in front of tech-savvy audience. Partner with us to build brand awareness, increase website traffic, generate qualified leads, and grow your business.

- Advertisement -

Grow Your Business

Get these business solutions, tools and services to help your business grow.
Elementor

Elementor -Join 5,000,000+ Professionals Who Build Better Sites With Elementor. Build your website with 100% visual design that loads faster and speeds up the process of building them.

WP Rocket

WP Rocket - Speed up your website with the most powerful caching plugin in the world. The website speed increase means better SEO ranking, user experience, and conversation. It’s a fact that Google loves a fast site.

Kinsta

Kinsta - If you are looking for WordPress managed hosting, Kinsta is in the leading front. Kinsta provides WordPress hosting for a small or large business that helps take care of all your needs regarding your website with cutting-edge technology.

OptinMonster

OptinMonster - Instantly boost leads and grow revenue with the #1 most powerful conversion optimization toolkit in the world. 700,000+ websites are using OptinMonster to turn their traffic into leads, subscribers, and sales.

Related

- Advertisement -
- Advertisement -
DJI Mini SE 2 Will Make its Debut On Feb 9 Motorola Launched Mote E13 Smartphone in India Google Pixel 4 and 4 XL Get Last Update WhatsApp Introduces 5 New Features For Status Updates OnePlus First-ever Tablet Launching in India Today ChatGPT Reaches 100 Million Users in Two Months Microsoft’s Teams Get OpenAI-Based Features WhatsApp New Feature that Allows Users to Create Calling Shortcuts Instagram Working On Twitter-like Paid Verification Feature OnePlus Ace 2 Specs Exposed Online
DJI Mini SE 2 Will Make its Debut On Feb 9 Motorola Launched Mote E13 Smartphone in India Google Pixel 4 and 4 XL Get Last Update WhatsApp Introduces 5 New Features For Status Updates OnePlus First-ever Tablet Launching in India Today ChatGPT Reaches 100 Million Users in Two Months Microsoft’s Teams Get OpenAI-Based Features WhatsApp New Feature that Allows Users to Create Calling Shortcuts