There has been a 'V'-shaped recovery in resumption after the second wave of the pandemic, and business activity is now closing in on the pre-pandemic levels, a report by a Japanese brokerage said on Monday.

       The 'Nomura India Business Resumption Index' (NIBRI) accelerated to 96.4 for the week ended on Sunday from 94.9 in the previous week, and is now only 3.6 percentage points (pp) below pre-pandemic levels.

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