Is the Indian economy turning around? Yes? No? Maybe?

November’s MNI India Business Confidence Index finds that business sentiment fell to the lowest level since February 2014. This came a day after another survey—ANZ-Roy Morgan India Consumer Confidence Index—saw consumer confidence rising sharply.

November’s MNI India Business Confidence Index, from the Deutsche Börse Group, finds that business sentiment fell to the lowest level since February 2014, with companies seeing little chance of a revival over the coming months.

India may be projected to grow at 7.5% in 2015-16, outpacing even China, but a slowing rural economy can pose major hurdles in sustaining this turnaround. (Reuters)

This comes a day after another survey—ANZ-Roy Morgan India Consumer Confidence Index—saw consumer confidence rising sharply in November. What explains these contrary indicators?

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