The worst is over for the economy, India undergoing a broad-based recovery: Kaku Nakhate, Bank of Am

 India's GDP grew by 4.8% in the July-September quarter from the previous quarter's 4.4%, spurring hopes that the slowdown may be bottoming out. The rupee has also stabilised though it is still weak when you compare it with the previous year. Also, the panic in the forex markets has largely disappeared. Strong corporate earnings have sparked hopes of a rebound, though demand is yet to pick up in many industries, and corporates have logged profits mainly due to their cost-cutting efforts and bet ..