An index developed by the State Bank of India’s economic research wing shows that business disruption since the lockdown was imposed was as its highest on April 12. While the situation has improved in the first two weeks of June, the index was dipping again towards the third week of June.
Using the labour participation rate, mobility indices, RTO revenue collection and electricity daily maximum consumption as variables, economists at SBI have constructed a business disruption index taking March 1 as the benchmark.
“After reaching a dip on 12 April 20, indicating maximum disruption, the index started moving up ...
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