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

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.