Fading election uncertainty is reviving India´s `animal spirits´
(WorldNews Business)

India´s economy showed nascent signs of a recovery in April as a general election got underway, helping to somewhat lift the political uncertainty holding back investments. The overall activity from eight high-frequency indicators compiled by Bloomberg News suggest that the economy picked up slightly last month, with the dot moving one notch to the right. The dashboard is a measure of animal spirits, a term coined by British economist John Maynard Keynes to refer to investors confidence in taking action. While the monthly PMI numbers and other indicators suggested a weakening in growth, the three-month...