Weekly media update 04 01_2021

- Ficci survey found continued improvement in capacity utilization and sales in December for Indian businesses, though high costs and weak demand remain issues. The prospect of a Covid vaccine and government support have improved sentiment. - A UN report said India's economy could prove the most resilient in South/Southwest Asia long-term due to positive post-pandemic growth and its large market continuing to attract investment. - Eight core sectors contracted 2.6% in November, the ninth straight month of decline, posing concerns for policymakers. Weak core sector growth may limit industrial output growth to 0-1%.