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Growth pace in high volume indicators slows in January, says ICRA

Five indicators - passenger vehicle output, vehicle registration, Coal India output, diesel consumption, and domestic airlines passengers - recorded contraction in January

Topics
ICRA | Indian Economy | Volumes

Indivjal Dhasmana 

defaults, NPA, growth, credit, economy, gdp, market, shares, stocks, valuation, growth, profit, loss
The pace of underlying growth in the economy remains subdued

Nine of the 15 high-frequency indicators slowed in January 2021 compared with December 2020. Five indicators — output, vehicle registration, output, diesel consumption, and domestic airlines passengers — recorded contraction in January, according to

“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,” Principal Economist Aditi Nayar said.

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First Published: Wed, February 24 2021. 00:32 IST
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