New Delhi, May 7 -- India's economic growth is on the path to recovery, supported by multiple positive factors, even as global trade uncertainty continues to affect private investments, according to a recent report by HSBC Mutual Fund.

The report suggested that the growth cycle in India is likely to be bottoming out. Several domestic indicators are showing signs of improvement, including falling crude oil prices, expectations of a normal monsoon, and a more accommodative interest rate and liquidity environment.

It said, "We believe growth cycle in India may be bottoming out. Interest rate and liquidity cycle, decline in crude prices and normal monsoon are all supportive of a pick-up in growth going forward".

These developments are expe...