Biz activity allays Russia-Ukraine war fears, hits all-time high

In a broad-based recovery, the Nibri rose to another record high of 126.4 for the week ending 20 March from 122.8 in the previous week, a 26.4 percentage point rise from the pre-pandemic levels

In a broad-based recovery, the Nomura India Business Resumption Index (Nibri) rose to another record high of 126.4 for the week ending 20 March from 122.8 in the previous week, a 26.4 percentage point rise from the pre-pandemic levels. 

Mobility indicators like Google’s workplace and retail & recreation rose by 2.4 percentage points and 3.1 percentage points, respectively. Apple driving index surged 11.7 percentage points from the previous week, with all mobility indicators above their pre-pandemic levels. 

The labour participation stood at 39.3 per cent on 20 March from 39 per cent in the prior week, while power demand rose