 "Growth pace in high volume indicators slows in January, says ICRA")
Nine of the 15 high-frequency indicators slowed in January 2021 compared with December 2020. Five indicators — passenger vehicle output, vehicle registration, Coal India output, diesel consumption, and domestic airlines passengers — recorded contraction in January, according to ICRA.
“We do not construe the dip as a sign of alarm regarding the sustainability of growth recovery. But, we do caution that the pace of underlying growth in the economy remains subdued, and do not see a sharp ramp-up in the pace of GDP in Q4FY21,” ICRA Principal Economist Aditi Nayar said.
One subscription. Two world-class reads.
Already subscribed? Log in
Subscribe to read the full story →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
SAVE 25%