India Economy Update – Vaccination Reducing Risk Of A Third Wave; Recovery Holding Up: Nirmal Bang

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In the first fortnight of September 2021, mobility-related to workplaces and use of public transport witnessed a slight dip, probably reflecting some caution around a possible third wave.

Mobility for essential services was marginally down and mobility for retail and recreation was flat from the previous fortnight.

However, the New Delhi Traffic Congestion Index improved slightly, supported by continued opening up.

The number of active cases was down by 5.3% while the number of deaths was down by 32.7%.

Vaccination is now rising at a fast clip, reducing the risk of a third wave.

Economic activity continues to hold up, although urban unemployment in the informal sector remains rather high.

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