Economic activity up on pent-up demand, may not sustain: Icra

Economic activity up on pent-up demand, may not sustain: Icra

Multiple fast-paced indicators, including GST collections, have been showing a sharp recovery since October. “We caution that the spikes in production seen in the various sectors in October 2020, are an exaggeration of the true recovery on the ground, as they have been driven by a large component of pent-up demand that may not sustain after the festive period is over,” Aditi Nayar said.

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