3rd wave drags Indian business resumption to pre-COVID levels: Nomura

The index dropped due to a fall in the mobility levels as seen in the Google workplace and retail and recreation mobility, which fell by 10.7 percentage points (pp) and 4.4 pp, respectively, while the Apple driving index inched 1.7 pp higher after a massive 84 pp fall over the past two weeks, the Japanese brokerage said. The labour participation rate inched up to 39.8 per cent.

Air traffic is a third lower than the peak achieved in December before the onset of the third wave but railway passenger revenues have stabilised, it was quoted as saying by a news agency. The activity should improve in February or March, it added.

Fibre2Fashion News Desk (DS)