Indranil Sen Gupta, Chief Economist at BofA Securities says lead indicators are suggesting that the economy is bottoming out. Excerpts from an interview with ETNOW.We have this India activity indicator that has seven components. So what we are beginning to see is most of the indicators are beginning to bottom. There is a worry that credit demand is weaker than before, which is why we are saying that the economy is bottoming but not bottoming out yet.I wish him very well. He was my boss at the RBI.We have pushed our rate cut from February to April. We think inflation has gone up on onion prices, but interestingly core inflation has actually come down from 3.14 per cent to 3.07 per cent. So this is obviously a fretting phenomena and we think that RBI will support growth as inflation awaits with onion prices coming down, they have actually started coming down. If you look at point to point estimate as of today, then inflation would be much lower at 6.3 per cent.That should probably happen in the first half of next year that is April to September 2020 purely on base effect. Then again the growth can come off a bit, but clearly there will be at least a statistical recovery next year between April to September. And this should also be buoyed by the fact that we are seeing a good rabi harvest and also that we are also going to see the monetary transmission of whatever the RBI has done feed through the system.