The Credit Rating agency, ICRA said that India’s economic recovery has entered into a consolidation phase in January 2021.The agency said that six indicators have witnessed an improved YoY performance in January 2021, relative to December 2020, namely non-oil exports, electricity generation, rail freight traffic, scooter production, diesel consumption and domestic airline traffic. It added that the growth indicators continue to promise the upward and sustainable economic recovery.
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Surbhi Saxena edits the daily Current Affairs News.
The author is qualified member of The Institute of Company Secretaries of India (ICSI).