There is hope that India's new government will bolster the economy's upward turn with revisions in policy. Industrial production rose in April 2014 as inflation decreased, but the delayed monsoon season brings concern about its impact on crops and agricultural output. New Hope for the Indian Economy It seems that the appeal of the new government is bringing cheer to the Indian economy. Industrial production in April 2014 rose 3.4 percent, which is the highest since March 2013. Inflation, calculated as the Consumer Price Index (CPI), decreased to 8.28 percent in May 2014 from 8.59 percent in April 2014. Core inflation fell to 7.72 percent from 7.8 percent during the same period, while food inflation dropped to 9.56 percent from 9.83 percen...