BENGALURU : India's economy is expected to recover early next year from recession, but at a modest pace, according to a majority of economists in a Reuters poll who said their upgraded growth predictions were based on the progress of COVID-19 vaccines.The recent vaccine news has boosted Indian stocks to repeated record highs and fueled hopes of a pick-up in economic activity.
That, coupled with festive-led demand, has lifted optimism amongst economists over the past month.Nearly two-thirds of respondents, 26 of 40, to an additional question said their growth views - which have been raised from a month ago - were based on that vaccine progress."We expect growth recovery to strengthen...helped by continued normalisation in economic activity.