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India may see U-shaped recovery only by August: Experts

India may see U-shaped recovery only by August: Experts

Demand is unlikely to respond to the easing of curbs as sharply as last year as the most severe impact has been on the urban middle class and upper income sections, economists said. Also, rural India has been hit harder this time. The relaxation of various curbs imposed by the states will also take longer this time, which will keep the recovery muted.


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8 June 2021, 03:26