India Edition

India’s Animal Spirits Are Reviving

Caveats abound, but there are signs that a pickup in corporate investment is underway.

Shoppers crowd a flower market on the eve of the Maharashtrian new year in Mumbai on April 1, 2022.Photographer: Punit Paranjpe/AFP via Getty Images

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By Menaka Doshi

November 27, 2025 at 7:08 AM UTC

Welcome to the Thursday issue of India Edition; I’m Menaka Doshi . Each week, I bring you a ringside view of the billionaires, businesses and policy decisions behind India’s rise as an emerging economic powerhouse.

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