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Business activity rose for the second consecutive week, crossing the pre-pandemic level for the first time since the onset of the Covid-19 disruption in March 2020, a Japanese brokerage said on Monday.
The Nomura India Business Resumption Index (NIBRI), which measures the activity on a weekly basis with the pre-pandemic levels being the base, rose to 101.2 for the week ended August 15, from 99.6 last week.
This is the first time that the activity has breached the pre-pandemic base. The index level had declined sharply in the immediate aftermath of the national lockdown in April last year and rose
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