Economics

Fading Election Uncertainty Is Reviving India's Animal Spirits

  • Growth in the January-March quarter may have bottomed out
  • Consumption has been hit hard due to a shadow banking crisis

Shoppers walk through the New Market area in Kolkata, India, on Tuesday, April 30, 2019. 

Photographer: Prashanth Vishwanathan/Bloomberg
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India’s economy showed nascent signs of a recovery in April as a general election got underway, possibly helping to lift the political uncertainty holding back investments.