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.

Out of the 10 indicators of QET (Quick Economic Trends) of economic and business activity tracked by the industry body PHDCCI, 7 have performed positive in February 2021 of which passenger vehicle sales has shown the highest growth of 18% over the corresponding month in the previous year.  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.