Has India's growth slowdown bottomed out? Animal spirits indicate so

Despite the green shoots, the economy is set for another quarter of sub-par growth, and still in need of support from the government and the central bank heading into 2020

India’s economy showed nascent signs it may be turning a corner after six straight months of anemic activity.

Two of the eight high-frequency indicators compiled by Bloomberg News came in stronger in November based on a three-month weighted average reading, although that wasn’t enough to move the needle on a gauge measuring overall activity.

The dashboard measures “animal spirits,” a term coined by British economist John Maynard Keynes to refer to investors’ confidence in taking action.

Despite the green shoots, the economy is set for another quarter of sub-par growth, and still in need of support from the government and the