India’s economic recovery entered into consolidation phase in Jan 2021, says Credit Rating agency ICRA icra.in

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

The Credit Rating agency, ICRA said that India’s economic recovery has entered into a consolidation phase in January 2021.

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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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