Not Sure Whether India Will See V-shaped Recovery Like China, Says Standard Chartered Chief

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by Newsfall Mumbai: Global banking major Standard Chartered’s Group Chief Executive Bill Winters on Wednesday said he was not sure whether India will see a V-shaped economic recovery as the number of COVID-19 infections are continuing to rise. He said India is “some place in between”, wherein it is not showing the V-shaped recovery like China. India’s economy contracted by nearly a fourth in the June quarter as a result of the lockdowns during the early days of the pandemic. Policymakers had exuded confidence about a V-shaped recovery. “I don’t know (whether) we will see a V-shaped recovery given the...