A slew of feel-good news greeted India Inc on the New Year Day with November exports showing signs of scripting a turnaround story and December auto sales zooming, further cementing hopes of a gala 2010. Boosting the sentiment, leading bankers allayed fears of an imminent interest rate hike in the wake of ballooning inflation. Prime Minister's Economic Adviser C Rangarajan also said economic growth would be a handsome eight per cent in 2010-11. Showing strong signs industrial revival, auto makers reported high double-digit sales growth in December, the month when sales are generally low. According to official data released yesterday, exports grew by 18.2 per cent in November, bolstering a sector worst affected by the global financial turmoil. A turnaround in November exports will boost the business considering that the shipments had plunged by 39 per cent in May. Mr. R M Joshi of the prestigious Indian Institute of Foreign Trade said, exporters need to keep their competitiveness both in terms of quality and prices and focus on market and product diversification.