Indications of revival in economic activity as States get into unlock mode: Survey

About 60% of 212 companies, which participated in the survey conducted by FICCI and Dhruva Advisors, said there was a high impact on their businesses due to the State-level lockdowns.

With States easing lockdown curbs due to declining number of cases, there are immediate indications of improvement in economic activity as companies are hopeful of better performance in the next 6 to 12 months, according to a survey. About 60% of 212 companies, which participated in the survey conducted by FICCI and Dhruva Advisors, said there was a high impact on their businesses due to the State-level lockdowns. With various parts of the country under different sets of restrictions and consumer sentiment impacted due to the ferocity of the second wave of , an evident dip in demand was witnessed by companies, it added.