SBI business activity index at 5-month low - The Hindu BusinessLine
April 23, 2021 Lender’s economic research department revises GDP growth forecast to 10.4% State Bank of India’s Business Activity Index is now at a 5-month low at 86.3 in the week ended April 19. All indicators have shown a dip with maximum decline in Apple mobility, weekly food arrival at mandis, and RTO revenue collection, according to SBI’s ERD. This is in line with Nomura India Business Resumption Index (NIBRI), which indicated that the pace of economic activity has dipped to 83.8 for the week ending April 18 versus 88.4 in the previous week (revised down from 90.4) This suggests th...
Source: thehindubusinessline.com