Indian economy to bounce back soon: Economists

For those suffering from recession blues, there is some tonic on hand as economists now expect India's economy could be out of the woods sooner than envisaged - possibly early in the next fiscal itself. The Merrill Lynch fund manager's survey for January shows what may be an uncharacteristic bounce. Survey suggest that investors have revised their underweight rating on India for the first time in two years. Also, a little earlier JP Morgan upgraded India to neutral from underweight.