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What comes next for India's deeply scarred economy?

New reason to hope that things will finally start to get better

| India
Construction site of the Dwarka Expressway, pictured on Mar. 4: there is reason to hope.   © Hindustan Times/Getty Images

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

During the worst of the pandemic in India in recent weeks, much of whatever supply of oxygen there was for COVID-stricken patients came not from government action, as might have been expected, but rather from the efforts of private companies and nonprofit organizations.

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