India's business activity picks up sharply in June
Skip to main content
  • Home
  • Economy
    • Aviation
    • Bazaar
    • Budget
    • Industry
    • NBR
    • RMG
    • Corporates
  • Stocks
  • Analysis
  • World+Biz
  • Sports
  • Features
    • Book Review
    • Brands
    • Earth
    • Explorer
    • Fact Check
    • Family
    • Food
    • Game Reviews
    • Good Practices
    • Habitat
    • Humour
    • In Focus
    • Luxury
    • Mode
    • Panorama
    • Pursuit
    • Wealth
    • Wellbeing
    • Wheels
  • Epaper
  • More
    • Subscribe
    • Videos
    • Thoughts
    • Splash
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • COVID-19
    • Games
    • Long Read
    • Interviews
    • Offbeat
    • Podcast
    • Quiz
    • Tech
    • Trial By Trivia
    • Magazine
  • বাংলা
The Business Standard

Wednesday
February 08, 2023

Sign In
Subscribe
  • Home
  • Economy
    • Aviation
    • Bazaar
    • Budget
    • Industry
    • NBR
    • RMG
    • Corporates
  • Stocks
  • Analysis
  • World+Biz
  • Sports
  • Features
    • Book Review
    • Brands
    • Earth
    • Explorer
    • Fact Check
    • Family
    • Food
    • Game Reviews
    • Good Practices
    • Habitat
    • Humour
    • In Focus
    • Luxury
    • Mode
    • Panorama
    • Pursuit
    • Wealth
    • Wellbeing
    • Wheels
  • Epaper
  • More
    • Subscribe
    • Videos
    • Thoughts
    • Splash
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • COVID-19
    • Games
    • Long Read
    • Interviews
    • Offbeat
    • Podcast
    • Quiz
    • Tech
    • Trial By Trivia
    • Magazine
  • বাংলা
WEDNESDAY, FEBRUARY 08, 2023
India's business activity picks up sharply in June

Global Economy

TBS Report
15 June, 2021, 05:55 pm
Last modified: 15 June, 2021, 06:04 pm

Related News

  • India cenbank hikes repo rate to 6.5%, real GDP growth at 6.4% for 2023-24
  • ‘Bright spot’ India shines at WEF 2023 in Davos
  • India's surging population is an economic virtue
  • World Bank sees India growth slowing to 6.6% in FY24
  • India's inflation likely remained steady at 5.90% in December

India's business activity picks up sharply in June

India's labour participation rate inched up to 39.8% from 39.2% the previous week, with the unemployment rate dropping to a still-elevated 8.7%

TBS Report
15 June, 2021, 05:55 pm
Last modified: 15 June, 2021, 06:04 pm
The rupee's sharp decline and a liquidity crisis in the once-hot shadow banking sector have weakened consumption and investment/ Reuters
The rupee's sharp decline and a liquidity crisis in the once-hot shadow banking sector have weakened consumption and investment/ Reuters

The calibrated reopening of the Indian economy by states as the number of fresh Covid-19 cases subside increased mobility and aided in a fast-paced increase in an index of business resumption last week, a Japanese brokerage said on Monday.

The Nomura India Business Resumption Index rebounded to 76 for the week ended 13 June, up from the preceding week's 67.9, reports Rediff citing a note from the brokerage.

The pre-pandemic value of the index is set at 100. The index had risen consistently after the India's nation-wide lockdown of 2020, to almost to the pre-pandemic level in March but the second wave of the pandemic had led to multiple weeks of decline in the index.

"Much of this (increase in week to 13 June) can be explained by the strong revival in mobility indicators, as states have begun a calibrated reopening, with Google mobility indices, the Apple Driving Index, and daily railway passenger revenues all rising," the brokerage said.

The recovery in the non-mobility side has been "more gradual", it said, adding that daily railway freight revenues have been rising slowly, GST E-way bills in the first week of June are at higher levels than during the first week of both April and May but lower than the January and February average.

Similarly, power demand continues to recover, picking up by 4.9% week-on-week on a seasonally adjusted basis for the week ending 13 June, after a 7.6% gain the previous week.

India's labour participation rate inched up to 39.8% from 39.2% the previous week, with the unemployment rate dropping to a still-elevated 8.7%.

From a growth perspective, it said the rebound in activity will aid a sequential increase in the economy's expansion rate but it will remain weak compared to pre-second wave levels.

A key downside risk being monitoring is a potential flare-up of cases as lockdowns are progressively eased, it added.

World+Biz

India economy / India Covid Crisis

Comments

While most comments will be posted if they are on-topic and not abusive, moderation decisions are subjective. Published comments are readers’ own views and The Business Standard does not endorse any of the readers’ comments.

Top Stories

  • Photo: TBS
    Dhirasram ICD financiers finalised, construction to begin in 2024
  • Photo: Rajib Dhar
    Girls fare better in this year's HSC exams; over 9% drop in pass rate
  • Photo: PID
    Govt making all-out efforts to implement SDGs: PM Hasina

MOST VIEWED

  • People visit the Volkswagen booth during a media day for the Auto Shanghai show in Shanghai, China April 19, 2021. Photo: Reuters
    Volkswagen posts 22.5 bn euros operating profit for 2022
  • RBI Governor Shaktikanta Das. Photo: Collected
    India cenbank hikes repo rate to 6.5%, real GDP growth at 6.4% for 2023-24
  • Sri Lanka's President Ranil Wickremesinghe arrives with commanders of three forces to attend the country's 75th Independence Day celebrations in Colombo, Sri Lanka February 4, 2023. REUTERS/Dinuka Liyanawatte
    Sri Lanka seen returning to growth by year-end, president says
  • Sacks of refined sugar at a store in New Delhi, India.Photographer: T. Narayan/Bloomberg
    The world is about to have more sugar than it needs. So why have prices surged?
  • A policeman walks past the Supreme Court building in Islamabad, Pakistan October 31, 2018. REUTERS/Faisal Mahmood/File Photo
    Pakistan supreme court orders taxpayers to deposit 50pc super tax in seven days
  • A wooden case holding US dollars bills on display at the Sara-e Shahzada exchange market in Kabul in October 2022.Source: Bloomberg
    Dollars smuggled from Pakistan provide lifeline for the Taliban

Related News

  • India cenbank hikes repo rate to 6.5%, real GDP growth at 6.4% for 2023-24
  • ‘Bright spot’ India shines at WEF 2023 in Davos
  • India's surging population is an economic virtue
  • World Bank sees India growth slowing to 6.6% in FY24
  • India's inflation likely remained steady at 5.90% in December

Features

Illustration: TBS

Planning to study abroad? Explore these four underrated scholarships

6h | Pursuit
Representational image. Photo: Collected.

The understated perks of journaling

5h | Pursuit
Photo: Reuters

A tragedy that will also shake up the region's geopolitics

19h | Panorama
Nimah designed by Compass Architects- Wooden tiles. Photo: Junaid Hasan Pranto

Trendy flooring designs to upgrade any space

1d | Habitat

More Videos from TBS

Unknown facts about Sid-Kiara wedding

Unknown facts about Sid-Kiara wedding

25m | TBS Entertainment
Rescuers dig through rubble as death toll passes 9,000

Rescuers dig through rubble as death toll passes 9,000

25m | TBS World
30% companies see double-digit growth even in hard times

30% companies see double-digit growth even in hard times

22h | TBS Insight
Challenging time waiting for RMG

Challenging time waiting for RMG

1d | TBS Round Table

Most Read

1
Photo: Courtesy
Panorama

From 'Made in Bangladesh' to 'Designed in Bangladesh'

2
Master plan for futuristic Chattogram city in the making
Districts

Master plan for futuristic Chattogram city in the making

3
Photo: Collected
Crime

Prime Distribution MD Mamun arrested in fraud case

4
Leepu realised his love for cars from a young age and for the last 40 years, he has transformed, designed and customised hundreds of cars. Photo: Collected
Panorama

'I am not crazy about cars anymore': Nizamuddin Awlia Leepu

5
Photo: Collected
Startups

ShopUp secures $30m debt financing to boost expansion, supply chain

6
ICB to withdraw Padma Bank investment as return eludes
Banking

ICB to withdraw Padma Bank investment as return eludes

EMAIL US
[email protected]
FOLLOW US
WHATSAPP
+880 1847416158
The Business Standard
  • About Us
  • Contact us
  • Sitemap
  • Privacy Policy
  • Comment Policy
Copyright © 2023
The Business Standard All rights reserved
Technical Partner: RSI Lab

Contact Us

The Business Standard

Main Office -4/A, Eskaton Garden, Dhaka- 1000

Phone: +8801847 416158 - 59

Send Opinion articles to - [email protected]

For advertisement- [email protected]