Economy News
Tracking Covid-19 recovery: Retail & recreation footfalls at 21% low; GVA estimated at 7.8%

Mobility indicators like people going out for recreational activities or walks in public places tell a lot about at what pace markets are opening up and control over Covid-19 infection levels. Analysing these mobility indicators across countries, a report by Care Ratings noted that for India, the retail and recreation footfalls have declined by 21 per cent when compared to pre-Covid-19 era (January-February 2020). “It can be seen that countries which have a lower number of infections tend to be more open when it comes to retail and recreation. The number of infections should however be looked at from the point of view of their population,” read the report.

News Source:- https://www.financialexpress.com/economy/tracking-covid-19-recovery-retail-gva-estimated-at-7-8/2294654/