The State Bank of India in a report said that the business activity Index has declined in the recent weeks with the latest value at 101.7. The research report titled 'Second wave of infections: The beginning of the end?' notes the spike in coronavirus cases as over 2.5 million cases are likely to be reported in the second wave that may last upto 100 days.
The report authored by Dr Soumya Kanti Ghosh, group chief economic adviser, State Bank of India, states that lockdowns have not resulted in controlling the spread of infection. "Increasing the speed of vaccination is the