Indian central bank chief expects Q4 pickup.

Raghuram Rajan, the head of the Reserve Bank of India, believes that his country's stuttering economy will pick up in Q4, due to the resumption of stalled projects and a good monsoon season. Around $115B worth of resource projects were halted due to a review of transparency and environmental policy, but about half of these have now been re-authorized. The monsoon will lead to a "bountiful harvest," with activities such as animal husbandry and poultry also strengthening.