Simply Construction

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For this particular quarter, our expectation was around minus 10% and so a minus 7.5% is significantly better. Having said that, my worry remains that Q2 was the quarter where you enjoyed right here the benefits of a pent-up demand for a completely washed out Q1 as well as a bit of festival season demands. Whether incrementally, we get that much uptick in Q3 remains to be seen. Our number had been a double digit contraction in Q2 but a mid-single digit contraction in Q3. Now while there has been a very pleasant surprise in case of Q2, I am not more confident that incrementally Q3 numbers will be proportionately better. A positive number can be expected only in the next financial year. The government has made it very clear that states can consider local measures but they cannot stop inter and intra state movements. They also cannot impose any kind of a lockdown, a local lockdown. How effective would these measures be to contain the spread of Covid-19 and to ensure that business activity continues? Rural India is doing relatively better, agriculture is doing well and that is a very significant buffer in a year like this. In fact, in Q2 we are seeing the effect of the summer crop.

https://economictimes.indiatimes.com/markets/expert-view/a-positive-gdp-number-can-be-expected-only-in-next-financial-year/articleshow/79449560.cms

Police ID 2 killed when truck crosses median on I-55 JEFFERSON COUNTY, Mo. (KMOV.com) -- Two people were killed in an accident on Interstate 55 Monday. According to the Missouri State Highway Patrol, a tractor trailer rear-ended a Chevrolet Cruze on northbound Interstate 55 near Route Z around 2 p.m. The impact caused the Cruze to slide off the roadway and overturned. The tractor trailer then struck an Acura TL and Kia Telluride as it crashed through a cable barrier into oncoming traffic.  MSHP said the cable barrier also damaged the side of a Nissan Altima. A man and woman inside the Kia were killed. The victims were identified as 72-year-old Leonard Byrd and 66-year-old Rebecca Byrd, both of Ste. Genevieve. The driver of the Cruze was taken to a local hospital for treatment for his injuries.

https://www.kmov.com/news/2-dead-after-tractor-trailer-crosses-into-oncoming-traffic-on-i-55/article_3fa4c45c-2dcc-11eb-9fe5-f3195106f061.html
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