Five reasons why you should cheer for the Indian economy

Industrial growth bottoming out: Bank of America Merrill Lynch expects the Index of Industrial Production (IIP) to jump to 5 per cent in October, after contracting 0.4 per cent last month on Diwali effects. The pickup in growth in core industries- that have a 37.8 per cent weightage on IIP- from 0.4 per cent in October to 6.5 per cent in November and uptick in the HSBC Markit manufacturing PMI - from 52.9 last month to 53.7 in N...