Global rating agency Moody's said India's economic growth remains weak and there is little chance of recovery next year.
Index of Industrial Production is expected to have grown by 1-2 per cent in April, D&B said in a research note, adding that the pace of improvement in consumption and investment demand is likely to take place as per the measures taken by the new government.
Inflation in food articles inched up to 0.69 per cent in September.
Moody's assigns 'Baa3' rating on India, with a stable outlook.
The country's economic growth slipped to a decade-low of 4.5 per cent in 2012-13 and is estimated at 4.9 per cent in the current financial year.
On the back of strong foreign investor flows, the stock market barometer BSE Sensex today jumped more than 1 per cent to log new lifetime high, while the rupee appreciated 24 paise to trade at 60.65 against the US dollar.
Of the 52 economists polled, 50 expect the policy repo rate to remain at 7.25 per cent, and 47 of 48 respondents see the cash reserve ratio, or the portion of deposits banks have to maintain with the central bank, unchanged at 4 per cent.
The report said in the recent months policy makers as well as the private sector have made some efforts to improve productivity.
Reversing a six month declining trend, WPI inflation moved up marginally to 0.11 per cent in December mainly because of increase in prices of food items.
'Electronic media splash sensational headlines of the bulb prices about to cross the three-figure mark and focus on customers looking longingly at baskets full of onions, bemoaning their misery without this essential staple of their diet,' notes Shreekant Sambrani.
Rajan had cautioned against any deviation from the fiscal discipline path.
The WPI has been in the negative zone since November.
In New York, the dollar fell against the British pound on Wednesday after the Bank of England raised its projections for UK growth in 2014. However, analysts warned that gains against the dollar could be limited.
In Delhi, petrol price down Rs 2.5 a litre, diesel by Rs 2.25
Recent data from market analytics firm Nielsen shows that the rural market in the country's 630,000-odd villages is pulling down the overall FMCG business.
Foreign fund flows into and out of the domestic sharemarket will continue to be key for the rupee's fortunes.
According to the report, going forward, inflationary pressures in some items may increase due to slight improvement in demand.
India's economic growth rate is expected to be at least 6 per cent in the 2013-14 fiscal, Prime Minister's Economic Advisory Council (PMEAC) Chairman C Rangarajan said.
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The rupee resumed slightly lower at 62.05 per dollar as against the last weekend's level of 62.04 at the Interbank Foreign Exchange market. It recovered to 61.88 per dollar before quoting 61.93 at 1045 hours.
In the retail markets, rates have fallen to Rs 30-35 a kg from Rs 100-level.
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Although the survey pointed to the softness in demand leveling off, a complete recovery is still some way off.
Forex dealers said besides increased selling of the American currency by exporters and banks, the dollar's weakness against other currencies overseas also supported the rupee, but a lower opening in the domestic equity market limited the rise.
Costlier food items, including vegetables, pushed the October wholesale inflation to 7 per cent, the highest in the current financial year.
The RBI's macroeconomic report released after the close of markets said upside risks to food inflation remain and that it expects the retail and wholesale price inflation to remain above comfort levels.
Across the board, demand would appear to be slacker than it should be if we are headed for a healthy recovery.
The Reserve Bank had kept policy rate unchanged in its review on April 7.
Prices of the kitchen staple in Azadpur mandi, Asia's largest wholesale market, were ruling at Rs 60 per kg today as supplies were below normal.
Food articles inflation at 8.43% compared to 8.14% m-o-m.
The country saw two straight years of deficient monsoons.
According to the global financial services major, since the last RBI policy meet, data suggest accelerating growth and surprisingly mild inflation, both at the core and headline level.
Bidders have to deposit a security fee of Rs 25 crore as well as minimum guarantee fee.
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India's economy grew 4.7 per cent in 2013-14, following an expansion of 4.5 per cent in 2012-13. In the fourth quarter of 2013-14, growth remained subdued at 4.6 per cent, mainly due to a decline in manufacturing and mining output.
Parts of Uttar Pradesh, Haryana, and Punjab have also been impacted.
Indian factory growth likely slowed in Jan, inflation to stay muted.
On the reduction in the SLR ratio, he said it was a signal from the point of view of long-term reforms.
Jaitley said inflation has been under control for long and is likely to remain so on the back of good monsoon and unlikely spike in oil prices.
Inflation in pulses, vegetables and cereals was higher in Jan.
Some say the MPC will raise the rate, while others are of the view that there is already de facto interest rate tightening through rising bond yields, which might prompt the central bank to go for a pause.
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