The RBI stayed prudent in its monetary policy review today rather than move in a haste as it wishes to wait for more information and experience before judging the full effect and persistence of the demonetisation move.
Non-tax revenue is going to help reduce the overall extend of revenue deficit. She hopes most of it would go into capital expenditure.
The data also showed lower than estimated growth numbers for exports, capital investment and consumption sectors, suggesting deeper underlying weaknesses in Asia's third-largest economy, which grew at more than 9 percent before the 2008 global financial crisis.