After consuming .net standard projects in a .net framework(4.6) console application, the dependencies of the .net standard projects are not copied into the output directory.
After going through an article by Scott Hanselman, below solution worked like a charm.
Add below line in the first "PropertyGroup" tag of the .net framework console application's ".csproj" file
PackageReference
There will not be any need to add again the .net standard projects' nuget dependencies in the console application.