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Covid-19: Local lockdowns temper India’s economic activity in April

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Business ActivityActivity in India’s dominant services sector moderated for a second straight month in April.

The IHS Markit India Services PMI eased to 54 from 54.6, with a reading above 50 signaling growth. A similar survey for the manufacturing sector showed expansion picking up just a tad.At the same time, input costs have been rising with implications for headline inflation.

That is likely to come up for discussion at next week’s Monetary Policy Committee meeting to decide interest rates.ExportsExports soared in April, mainly because of a low base the year earlier when a nationwide lockdown crippled economic activity.

Shipments jumped 196%, while imports increased 167% year-on-year. Sequentially though, both measures moderated.Consumer.

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COVID-19
United States
United States
Cases: 46 252 513
Deaths: 750 423
Recovered: 0
India
India
Cases: 34 321 025
Deaths: 459 652
Recovered: 0
Brazil
Brazil
Cases: 21 835 785
Deaths: 608 235
Recovered: 0
United Kingdom
United Kingdom
Cases: 9 215 683
Deaths: 141 607
Recovered: 0
Russia
Russia
Cases: 8 494 589
Deaths: 237 619
Recovered: 0
Detail statistic
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Covid-19.rehab - the latest news concerning the spread of the SARS-CoV-2 coronavirus (formerly 2019-nCoV), as well as the infectious disease that it causes COVID-19, in separate countries and in the world as a whole. Current news on the topic of coronavirus SARS-CoV-2. Quarantine, pandemic 2020, epidemic: what is it, when will it come to end, precautions and how to protect yourself from this disease. The most honest news, no fakes! To keep up with the latest news, stay tuned for updates on the site! Every day we will collect news and statistics on coronavirus from around the world for you to be aware of this topic.

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