Reserve Bank of India (RBI) Governor Raghuram Rajan has said growth is recovering and investment picking up. He, however, stayed guarded on inflation expectations.“We talked about the state of the economy, which I would characterise as recovering, that we see some signs of capital investment picking up, and there is a continuing need that the government is trying to address, of putting some of the stalled projects back on track.

Source - http://www.business-standard.com