In Charts: Early Data Suggests A Good Beginning For The Indian Economy In 2021 Jan 19 2021, 8:50 AM January 19 2021, 8:50 AM January 19 2021, 8:50 AM Economic activity in India had held up well after the festive boost, kicking off 2021 at a pace comparable with the last few months.Positive pandemic-related developments â both, on cases and vaccination â are helping clear the decks for a faster pace of economic normalisation, said a research note by Nomura dated Jan. 18, 2020. Aggregate demand is fast catching up with aggregate supply and GDP growth is likely to return to positive ... Economic activity in India had held up well after the festive boost, kicking off 2021 at a pace comparable with the last few months.