With India slowly recovering from the economic shock of the COVID-19 pandemic, Indian business tycoon Kumar Mangalam Birla is all set to revive investments.
His Aditya Birla Group has unveiled plans to invest in about $2.4 billion across businesses in the past few weeks as according to Birla “the vaccines roll out, and governments and central banks provide stimulus, India will be among economies to rise above pre-pandemic levels”.
“Economists were throwing many letters at us - V, W, X - all sorts of things to describe the possible economic recovery. For us, it’s pretty much been a V,” said Birla in a Bloomberg Television interview on January 27.
“It’s been a very sharp recovery, a very huge surprise for all of us,” he added.