Fading political uncertainty in India raises hopes of an economic rebound

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.

Overall activity from eight high-frequency indicators compiled by Bloomberg News suggest 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 weighted average -- to smooth out volatility