Economic activity rises to near pre-pandemic level, report says
Economic activity saw a massive jump over the past week, according to the Nomura India Business Resumption Index (NIBRI). The index stood at 99.4, up from 94.0 the previous week. It has surpassed the pre-second wave peak of 99.3 in mid-February and is nearing the pre-pandemic level of 100. The growth has been attributed to stagnation of coronavirus cases and higher mobility of people.