Trade deficit had narrowed to $13.08 billion in December.
The RBI, in its latest monetary policy review, too projected an economic growth rate of 7.4% for the next fiscal.
In a note, the economists estimated cash in the economy at Rs 20.4 lakh crore, stressing the rural economy continues to be "depressed".
Annual wholesale price inflation last month was lower than a provisional 3.80 percent rise in December.
The consumer price inflation (CPI) for the month of January further declined to 2.05 per cent on the back of continued deflation in food items and fall in fuel inflation. Industrial production jumped to 2.4 per cent in December, 2018 from 0.5 per cent in November, 2018 driven mainly by a sharp spike in manufacturing index which rose to 2.7 per cent vs -0.4 per cent month-on-month.
Core inflation also fell to 5.4% in Jan from 5.7% in Dec raising hopes of another rate cut by the RBI.
The main reason for the slump in factory output growth in November 2018 was the poor show from the manufacturing sector
“The era of red tape mindset is over. We have to change our attitude,” CM Vijayan said.
The optimism was reflected in the December 2018 round of the RBI 's Consumer Confidence Survey
The idea of a basic income as a replacement for means-tested welfare payments has its share of supporters.
If the consensus is realised it would mark the sixth month in a row where inflation was below target.
India's eight-point jump in 2019 from 44th position in 2018 is the highest increase among 50 nations mapped by the index, a release said.
Speaking at a press conference today, Das said that payment of surplus was part of the RBI Act and how the government used the dividend was its prerogative. He said the RBI would follow accounting norms to decide on dividend payout.
The meeting of the RBI's central board, which will take a call on interim dividend, has been deferred to February 18.
Investment activity is recovering, but supported mainly by public spending on infrastructure, the RBI said.
In his interim Budget speech, Union Minister Piyush Goyal pegged the fiscal deficit of the year 2019-20 at 3.4 per cent of the GDP. He also claimed that the government has maintained the glide path towards the target of 3 per cent of fiscal deficit to be achieved by 2020-21. How much of it is tenable? Swaminathan Aiyar, Consulting Editor, The Economic Times explains.