The companies are also reporting a spike in sales of health and wellness, hygiene and immunity-boosting products in these markets, apart from the food products category.
While public mobility in Kerala, Himachal Pradesh, Bihar and Punjab went up vis-à-vis during the lockdown period, Maharashtra, Delhi, Gujarat and West Bengal saw slower recovery.
Rathin Roy, director of National Institute of Public Finance and Policy - a think tank backed by the Finance Ministry, said the assumptions on linear relationships between rate cuts resulting in growth by lowering the cost of capital is not working for some time now.
