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.
India’s economic recovery entered into consolidation phase in Jan 2021:ICRA
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