Inflation is on a declining trend, Eco Survey stated.
Narendra Modi has made it easier for businesses to buy farm land.
Search is on for reliable indicators of underlying activity.
India's latest GDP numbers do not signal robust economic growth in near term.
India allows foreign investors to buy upto $81 bn
Pressure on the government increased with the Reserve Bank of India's surprise move on Thursday to cut interest rates
In cutting interest rates and giving a boost to the government's efforts to revive growth, RBI governor Raghuram Rajan displayed the pragmatism and flexibility familiar to those who work with him.
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.
Earlier, India said the headline annual consumer price inflation accelerated to 5 per cent, compared with a 4.4 per cent print in November.
Economist Arvind Panagariya has also argued for loosening deficit targets to boost capital spending
The central bank also said accepting money under such structures was a cognizable offence
Trouble at a single bank among the top five most connected lenders could wipe out nearly 50% of Tier I capital
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 orders coal, insurance sector reforms.
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
Rajan said an interest rate cut won't by itself lead to higher economic growth
The Reserve Bank of India kept interest rates unchanged at 8.0 percent on Tuesday as widely expected, staying focused on containing inflation while adopting a more dovish tone in response to the government's call for help to revive economic growth.
Analysts expect modest recovery in Indian economy.
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