The economy is expected to show the same rate of year-on-year expansion for the 2023/24 financial year, Sitharaman added, citing the impact of improved inflation management and macroeconomic stability.
Encouraging as the data may be, it is superficial over the deep troughs of one year ago. Compared to the pre-pandemic levels, the growth catch-up is a bare 0.33 percent rise in correspondence
Ranade expects crude oil prices to inch up to $90-95 a barrel in the near term, widening the current account deficit.
India's new GDP series seem to exaggerate the economy's true growth rate and this overestimation is likely to narrow over the next few quarters.
Growth concerns are what are keeping Indian investors in check as they try and deal with a faltering economy and hold-ups on issues like FDI.
Taimur Baig of Deutsche Bank tells CNBC-TV18 the RBI has a lot of macroeconomic news to factor in which will make it difficult for it to cut interest rates in March.