3 min read.Updated: 26 Aug 2014, 07:18 PM ISTLivemint
The tail risk of political instability has left the minds of investors
There is growing optimism that the Indian economy has finally begun to turn the corner. Some evidence whether that is indeed the case will be available on Friday when the government releases data on gross domestic product (GDP) during the first quarter of the current financial year. Most economists expect economic growth to be around a percentage point higher than what it was in the last three months of the year ended March. It is quite likely that economic growth in the three months to June will be the highest in eight quarters.