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Animal spirits waver in India as election uncertainty takes hold

Subdued exports growth, sharp drop in imports and waning output prices signaled the economy is performing below its potential. Data suggests Asia’s third-largest economy could do with some more stimulus. by Anirban Nag India’s economy showed conflicting signs of a recovery in a climate clouded by uncertainty ahead of a general election beginning next month. Overall activity in February picked up slightly from the previous month, according to a slew of high-frequency indicators compiled by Bloomberg News to measure ‘animal spirits’ — a term coined by British economist John Maynard Keynes to refer to investors’ confidence in taking action. […]

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