SBI Business Activity Index lowest since Nov 15

The SBI Business Activity Index declined to 101 as on January 17 from 109 in the week ended January 10, State Bank of India said on Tuesday. The latest reading, even as the country is in the midst of the third wave of the pandemic, is the lowest since November 15.

Weekly arrival of vegetables, RTO revenue collection and Apple Mobility index declined significantly, as per an SBI report.

"A welcome trend is vacant (hospital) beds share, which has seen a significant increase at all major centres, compared to the second wave," SBI said in its report.