Industrial ouput, however, was seen falling 0.6 per cent in January
Still, it is not expected to gain much strength and will likely trade around Rs 63.00 to the US dollar by the end of April.
Twelve of the 21 economists polled doubted whether the government could roll out the tax before the next fiscal year begins in April.
Investors' confidence has been revived in recent weeks on the likelihood the elections will usher in a new government.
The RBI is expected to cut rates in next policy.
The parlous state of Asia's third largest economy was reflected in the rupee's 18 per cent plunge against the dollar to all time lows since May, when signals emerged that the US Federal Reserve was considering winding down an easy money strategy that had benefitted emerging markets like India.
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