India, March 22 -- Indian equity benchmarks made an optimistic start and are trading with a gain of over around one third of a percent, with frontline gauges recapturing their crucial 38,500 (Sensex) and 11,550 (Nifty) levels. Sentiments remained upbeat with the International Monetary Fund (IMF) stating that the country has been one of the fastest growing large economies in the world, with growth averaging about 7% over the past five years. Some support also came with report that Finance Minister Arun Jaitley has made a case for setting up GST Council-like federal institutions to promote healthcare, rural development and agriculture sectors by optimally utilising resources of the centre and states. He said agriculture, rural development and...