Second Covid-19 wave may last 100 days, peak in April-end: SBI report

Says lockdowns not an answer as business activity index declines

India is seeing a second wave of Covid-19 infections since February 15, which may last for 100 days, said State Bank of India’s (SBI) research in a report. The rise in cases is leading to a decline in the Business Activity Index, it said, but warned against fresh lockdowns.
 
The latest value of the index, based on high-frequency indicators, was 101.7, lowest in one month, while the Google mobility index has also shown a decline in a number of states, according to the report titled Second wave of infections: The beginning of the end? The Business Activity Index last