The Wall Street Journal this morning reported on an unmistakable sign that the global economy is showing signs of life:
NEW DELHI — Car sales in India rose for the fourth straight month in May as gains from Maruti Suzuki India Ltd. helped nullify a decline in sales at automakers such as Hyundai Motor Co. and Tata Motors Ltd.
…a series of federal government measures such as tax cuts have helped increase sales in recent months.
How long that will take to ripple around the would could be another matter.
