The sentiments have already got a boost -- since the formation of the new government headed by Prime Minister Narendra Modi -- and the economy can indeed grow by over 5.5 per cent in 2015 if the 'right noises' get converted into real action on various fronts including ease of doing business, experts believe.
The factors helping in this objective include decline in inflation levels, continued boom in stock markets and expectations that RBI would also oblige with a much-awaited interest rate cut in the new year.
Though the year began with a low growth of 4.7 per cent in January-March quarter, momentum built up post election results in May in which BJP-led NDA won a huge majority in the Lok Sabha polls.
While various initiatives taken by the new government in the last six months are yet to yield results, there has been a distinct improvement in the business sentiments which were reflected in the booming stock markets.
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The stock market benchmark Sensex has gained close to 30 per cent or over 6,000 points this year, recording its best rally in five years.
Chief Economic Adviser Arvind Subramanian said: "There has been an improvement in economic growth as well. We were growing slow and slow for 12 quarters, that has bottomed out. And we seeing early signs of recovery, but it's not durable it hasn't taken hold yet".