Nomura Warns Against Second Lockdown; Will Impact the Indian Economy

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Although the economies in Gujarat, Delhi, Madhya Pradesh, Haryana, and Himachal Pradesh kick started for a short time, they have again slowed down.

Nomura is a brokerage company from Japan, who was keeping an eye on the resumption of market activity. In order to measure the improvement in market activity after the pandemic, the Company prepared an index.

Nomura’s index showed a slight lead in the week end on 22 November. But it is still below the level before the Corona pandemic. According to the index, Apple’s condition had improved and had reached the pre-Corona level. Meanwhile, Google had also recovered from the economic slowdown.

However, many states are imposing local lockdowns as the cases of Covid-19 are increasing. The analysts are concerned about such trends.

Nomura warned that ‘lockdown would reduce the pace of gradual recovery in the next two to three months’. It is noteworthy that Maharashtra on Monday issued new standard operating protocols. Despite people showing more symptoms of Covid-19, they are allowed to travel from other states. States that reported more cases in the early days of infection have also issued warnings that a second wave of pandemic may come as a tsunami and may cause a lockdown soon.

Although, there is a big decline in daily cases of corona virus, in the last 24 hours India reported 37,975 new cases. While on Monday, new cases of around 44,059 were reported. Over 86 lakh patients have recovered in the country as of now. The total number of corona virus infections in the country has increased to 91,77,841

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