5 indicators – passenger automobile output, automobile registration, Coal India output, diesel consumption, and home airways passengers – recorded contraction in January
Subjects ICRA | Indian Economic system | Volumes
9 of the 15 high-frequency indicators slowed in January 2021 in contrast with December 2020. 5 indicators — passenger automobile output, automobile registration, Coal India output, diesel consumption, and home airways passengers — recorded contraction in January, in response to ICRA.
“We don’t construe the dip as an indication of alarm relating to the sustainability of development restoration. However, we do warning that the tempo of underlying development within the financial system stays subdued, and don’t see a pointy ramp-up within the tempo of GDP in Q4FY21,” ICRA Principal Economist Aditi Nayar mentioned.
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