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Mobility continued to improve in the first two weeks of March 2022, but retail and leisure showed a slow recovery despite a sharp decline in Covid-19 cases.

Active cases dropped ~67% in the past two weeks. However, the increasing number of fully vaccinated individuals has decreased in the past two weeks and is down 19% from the previous two weeks.

By March 16, 2022, 72% of the population had received at least one dose, while 61% had received both doses.

Urban unemployment rose to 7.9% from 7.5% in the past two weeks, while rural unemployment improved to 6.9% from 8.4% in the past two weeks.

Economic activity is largely holding up well and even the service sector is approaching pre-Covid levels.

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This post India Economy – Covid cases are declining, but vaccination is slowing down; Slow recovery in retail, recreation: Nirmal Bang was original published at “https://www.bloombergquint.com/research-reports/india-economy-covid-cases-decline-but-vaccination-slowing-slow-recovery-in-retail-recreation-nirmal-bang”

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