India May See ‘Flattish’ U-Shape Recovery, Elera Capital Says

May.14 — Garima Kapoor, economist at Elara Capital, talks about the Indian government’s efforts to support the economy amid the coronavirus outbreak. The government offered $62 billion in credit lines to small firms and the shadow banks that fund them, and another $10 billion to the electricity distributors as it gears to restart the economy cratered by the pandemic. Kapoor speaks on “Bloomberg Markets: Asia.”


In This Story: India

India, officially the Republic of India, is a country in South Asia. It is the second-most populous country, the seventh-largest country by land area, and the most populous democracy in the world. New Delhi is the capital.

It has an exceptionally diverse population, with Hindus, Muslims, Christians, Sikhs, Buddhists, Jains and other religions speaking over 21 recognised languages.

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A prolonged dry spell across the Indian-administered Kashmir

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