<b>T N Ninan: </b> Economy at the cusp

While good news from several quarters has been trickling in, El Nino might be a dampener

As one financial year closes and another is about to start, the all-important question is whether the tide is turning for the economy, especially after the shock and disruption of demonetisation are over and done with. Certainly, almost all businesses other than real estate and construction now say that the sales decline or stagnation of the last few months is at an end, and that growth is back. Over and above this, a positive data stream suggests that some of the problems of recent quarters have started to evaporate. There is, for instance, the uptick in exports after many months