India likely to overtake China on strong GDP growth.
Modi has taken a slew of measures to attract investment, but he has yet to initiate steps that could help repair corporate balance sheets.
New Delhi was reluctant to spook investors by clipping the bank's wings
Consumer food price inflation eased to 6.14%.
The output had expanded 1.8 per cent year-on-year in January.
Wholesale prices fall 2.06% in February.
Narendra Modi has made it easier for businesses to buy farm land.
India's statisticians re-worked the numbers
Pressure on the government increased with the Reserve Bank of India's surprise move on Thursday to cut interest rates
However, some analysts say RBI Governor Raghuram Rajan may delay the rate cuts amid mounting concerns over the government's fiscal health.
Food costs jumped up year-on-year.
Economist Arvind Panagariya has also argued for loosening deficit targets to boost capital spending
The government is now contemplating issuing an executive order to implement these measures, which would need to be approved by lawmakers within six weeks of the opening of the next session of parliament, scheduled for the beginning of February. India's president would also need to agree.
Modi, who was elected in May with a mandate to provide jobs and economic growth, has seen his reform agenda stymied by controversial statements by lawmakers in his party
Imports of machinery and transport equipment grew about 40 per cent month-on-month
It doesn't appear to be happening yet, even though India's stock market has been Asia's best performer this year.
Industrial production was upwardly revised to 0.5 per cent year-on-year in August from 0.4 per cent earlier.
For now, the upside appears to offset damage done to exports by weaker global demand.
Signs of a strong pickup in hiring by companies are adding to the rosier outlook for Indian households.
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