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India's economic recovery entered into consolidation phase in Jan 2021

India's economic recovery entered into consolidation phase in Jan 2021

  • The Credit Rating agency said that India's economic recovery has entered into a consolidation phase in January 2021. 
  • The agency said that 6 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.