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Viesearch·
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@quantecoeditor·
India's industrial activity contracted in Jan-21
Accompanying details on sectoral granularity, breadth of activity, and peer comparison provide disappointment. However, we would refrain from extrapolating this into the near term, and in fact continue to remain cautiously optimistic due to supporting macro and sectoral evidence of gradual recovery, ongoing vaccine rollout, budgeted spike in year-end government expenditure, and improvement in business sentiment.