New Delhi, March 13 (TIWN) Economic activity is expected to consolidate in March 2021 as the Covid-19 impacted difficult financial year 2020-21 is winding down with new hopes for the next financial year with a great growth trajectory of Indian economy, said Sanjay Aggarwal, President, PHD Chamber of Commerce and Industry on Saturday.

Though COVID-19 cases are re-emerging in some states including Maharashtra, Kerala, Punjab, Karnataka, Gujarat and Tamil Nadu, the movement of the Indian economy remains steady in February 2021.  We are happy to note that the vaccination drive in the country is moving at a faster rate, with more than 2.6 crore vaccines being administered so far, said Aggarwal.  Positive GDP growth to the level of 0.4% in Q3 FY 2020-21 and a steady improvement in lead economic and business indicators would go a long way to strengthen economic growth in the coming quarters with the enhanced level of confidence of businesses, he said.  Ten economic and business indicators of QET include demand and supply indicators along with external and financial sectors indicators, according to PHDCCI.