The impact of state-declared restrictions is visible on high-frequency indicators including retail, power supply and workplace mobility, GST e-way bill collection and power supply, which are now running below a second consecutive week. Crisil Research said on Monday that India’s second Kovid-19 wave is creating new peaks with each passing day, as there are daily cases near the four lakh level.
“In India, the impact of state-declared sanctions is clearly visible on high-frequency indicators – they all came down for the second week in a row,” retail dynamics fell by an average of 8.2 percentage points (PP) in the week ended May 2. Has gone. , While workplace mobility slowed to 7.1 ppp. In addition, toll collection via electronic mode declined by 2 percent, Crisil said.
Similarly, the Goods and Services Tax e-way bill collection (volume) for the week ended April 25 decreased by 6.9 percent.
“If it was any consolation between an increase in daily cases and deaths, an increase in recovery, which lagged behind in cases up to the previous week, the April 26-May week increased sharply to 57 percent. Compared to 16 percent of cases. “” In the major affected states like Maharashtra, Madhya Pradesh, Chhattisgarh, Uttar Pradesh, the increase in daily cases has slowed down considerably compared to the week ending on April 25. But due to the high, the recovery rate has come down to 82 percent till May 2. . The basis of confirmed cases, “Crisil said.