Number Theory: What does mobility data tell us about the state of the economy?
Abhishek Jha
Feb 16, 2021 03:51 AM IST
While mobility has been increasing continuously, its recovery is relatively slower when compared to NIBRI. To be sure, mobility levels had reached 90% of pre-lockdown values (median value for the day of the week in the January 3, 2020 to February 6, 2020 period) in December 2020 itself.
The Indian economy is “on the verge of normality”, if the latest reading of Nomura India Business Resumption Index (NIBRI) were to be taken as an indicator. NIBRI reached 98.1 (provisional value) in the week ending February 14, where 100 signifies pre-pandemic level. It was at 95.9 the week before that.
_1613080010350_1613080017322_1613427531630.jpg "The latest NIBRI numbers indicate a moderation in labour participation rate (LPR), which is defined as the share of working age population working of looking for a job.(Reuters)")
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