Faster vaccination holds the key to an escape from the pandemic. The impact of the first wave was on the service sector, which suffered heavily as the activity in contact with intensive services came to a near standstill during the pandemic. Aviation tourism and hospitality have suffered religiously. RBI now says that this could be a problem looking at the current trends, and it's best to evacuate and vaccinate people faster. RBI's annual report consist says the year gone by has left a scar on the economy. It mentioned that the economic cost of this wave could be limited to the first quarter of the current financial year.video: https://www.timesnownews.com/videos/times-now/india/rbi-calls-for-faster-inoculation-service-sector-suffered-in-the-first-wave/98597
https://moneylife.in/article/impact-and-duration-of-covid20-biggest-risks-to-growth-estimates-rbi/64017.html e-way bills moderated, pointing to mobility restrictions and possible slackening of GST collections in ensuing months. Slowing down of mobility is also reflected in toll collection volumes during April. In the agricultural sector, work demanded under the MGNREGA has tapered during the month, indicative of increased demand for farm labour.
As regards industrial activity, electricity demand is stable. Transportation remains resilient as reflected in rising freight traffic supported by the pandemic-related surge in demand for essential medical supplies. On the external front, merchandise exports and imports have recorded growth rates of 195.7 per cent and 167.1 per cent in April, partly reflecting low base effect but also pointing to the revival of both external and domestic demand.
RBI Annual Report: Is The Bubble In Stock Markets Rational? https://www.bloombergquint.com/business/rbi-annual-report-is-the-bubble-in-stock-markets-rational "not all aspect of the (stock) market’s movement are irrational. Present valuations are supported by improved corporate earnings and this part of Sensex increase can be seen as rational, it said. However, when seen from the lens of the price-to-earnings ratio and dividend yields, the markets appear overvalued. “The deviation of the actual P/E from its long-run trend shows that the ratio is overvalued..