‘Third wave undoes last year’s resumption gains’
The Hindu
Nomura cites fresh curbs as index falls
The fast-spreading third wave of COVID-19 has undone the gains achieved due to resumption of business since the end of the lethal second wave last year, Japanese brokerage Nomura said on Monday.
The Nomura India Business Resumption Index, which compares activity against the pre-pandemic levels of March 2020, fell to 102.9 for the week ended January 16, from 107.9 in the preceding 7-day period.
The index has slumped by 17.4 percentage points since the third wave struck at the cusp of the new year.
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