"The fiscal year 2014-15 is expected to start with an optimistic GDP growth of 5.2 per cent in Q1 FY15 as some of the current macroeconomic numbers strengthen hope that the recovery for the Indian economy is under way," Dun & Bradstreet India Senior Economist Arun Singh said.
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.
"Two consecutive years of significant slowdown along with a host of domestic unresolved issues has placed a burden on the new government.
“The upcoming Union Budget would broadly reveal how the new government
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