New Delhi, Oct. 14 -- India's growth cycle may be bottoming out with strong domestic fundamentals supportive of a pick-up in growth going forward, according to a report by HSBC Mutual Fund.

The report noted that interest rate and liquidity cycle, decline in crude prices, and a normal monsoon are all supportive factors for a revival in growth.

"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," the report said.

However, the report highlighted that global trade-related uncertainty remains a headwind to private capital expenditure in the near term.

Despite this, the report expects India's investment ...