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Money in the bank provides hope for India's beleaguered economy

Reserve Bank of India should ease real interest rates

| India
The logo of the Reserve Bank of India on a smartphone: the RBI can afford to let real interest rates come down.   © Sipa/AP

Henny Sender is a managing director at BlackRock in Hong Kong, and a senior adviser to the BlackRock Investment Institute.

Members of the Confederation of Indian Industries attending a recent virtual meeting voiced rare and unexpected optimism regarding their country's economic prospects. Indeed, three-quarters of corporate attendees said they expected to invest this fiscal year.

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