Festive joy for India’s economy


All set: A man arranges artificial garlands for sale ahead of the Hindu festival of lights Diwali on Nov 4, in Ahmedabad. Asia’s third-largest economy is bouncing back slowly but surely after the pandemic. — AP

NEW DELHI: India showed more signs of a recovery taking hold last month as its consumption-driving festive season kicked off, keeping it on track to regain the title of the world’s fastest-growing major economy.

An array of indicators compiled by Bloomberg News pointed to a continuing rebound in demand in September, helping keep the needle on a dial measuring so-called animal spirits steady at five for a third straight month.

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