SBI business activity to hit a new low, amid COVID second wave
SBI feels the heat due to increased lockdowns and restrictions imposed on various states. The business activity has declined significantly in April.
The SBI eco wrap report said that the index is 24.3 per cent down from the pre-pandemic level. "SBI business activity Index, which has been declining in April '21 has now dipped to a new low of 75.7, the level it had attained in August 2020 and now a clear 24.3 percent down from a pre- pandemic level," it said.
It is clear that the disruption in the economy is caused due to the lockdowns in different parts of the country and increased restrictions.
India well managed the first wave could have been better, but the second wave is a high concern now.
Source: ZEE NEWS