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Story in charts | Did the second wave hit investment demand?

Capex is still stagnant, but some believe an upswing is around the corner 

July 01, 2021 / 12:46 PM IST
Story in charts | Did the second wave hit investment demand?

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Our economic recovery tracker shows that the COVID-19 second wave’s impact on the economy is far lower than that of the first wave of the pandemic. Activity has recovered sharply in many sectors. But weak consumer sentiment has translated into weak business sentiment too. Investment demand is still stagnant, show preliminary data from the Centre for Monitoring the Indian Economy (CMIE). New project announcements in the June quarter, which bore the brunt of the second wave, totalled Rs 1.55 lakh...

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