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Early information for March 2021 point out that 78.8% of the symptoms have been within the constructive territory, up from 63.64% in February 2021.
However, remaining information for Feb-21 counsel that solely 60% of the symptoms have been within the constructive territory.
Some of the constructive momentum in March-21 got here on the again of a low base in March-20 on account of imposition of the nationwide lockdown.
We consider that gross home product development might nonetheless be marginally constructive in This fall FY21, supported by a low base in March-20 and revival in authorities spending (underpinned by bettering tax collections).
However, sequential momentum is prone to have slowed sharply in April-21 on account of imposition of localised lockdowns, because the second Covid-19 wave has swept the nation.
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