Raising concerns over increasing COVID infections and possibility of more local lockdown measures, S&P Global Ratings says India's second COVID wave may derail a strong recovery in the economy and credit conditions.
In a report titled, "Second COVID Wave May Derail India's Budding...
India's crushing second Covid-19 wave continues to scale new peaks with every passing day, as daily cases near the 4-lakh level. While new COVID19 cases occur mostly in urban areas, the second wave is closing in on rural India, says a report from ratings agency CRISIL.
In the...
Demand growth pushed India's manufacturing sector output higher in April, showed IHS Markit India Manufacturing PMI report on Monday.
Accordingly, the report said economic conditions in India's manufacturing sector remained favourable in April, as companies scaled up production in...
The SBI business activity index has declined to hit a new low in April amid the second wave of Covid-19 and the fresh lockdown measures.
An SBI Ecowrap report said that the index is 24.3 per cent down from the pre-pandemic level.
"SBI business activity Index which has been...
India's escalating second wave of COVID-19 infections is serious. In addition to the substantial loss of life and significant humanitarian concerns, S&P Global Ratings believes the outbreak poses downside risks to gross domestic product (GDP) and heightens the possibility of business...
