Raghuram Rajan said there were some headwinds in the aftermath of structural reforms and the government was on its way to resolve these issues.
There are a few negative indicators such as the decline of the Nikkei India Services Business Activity Index to a seven-month low of 47.8 in February.
India regains world's fastest growing major economy tag; RBI may increase interest rate after April policy review
India’s manufacturers and service industries have been struggling to overcome disruptions from the bumpy launch of a national sales tax in July.
CSO data shows India's GDP grew at five-quarter high of 7.2% in Q3, beats China with 6.8% growth rate
The growth in GDP during 2017-18 is estimated at 6.6 percent as compared to the growth rate of 7.1 percent in 2016-17, CSO added.
GDP data key highlights: India's economy grows at 7.2% in third quarter; a booster shot for Narendra Modi govt
A strong GDP reading could lift domestic shares, and boost the rupee, which has been Asia’s second weakest currency this year, losing about 1.6 percent against the dollar.
China's economy grew at its weakest pace in 2-years in the latest quarter, and it appeared headed for an even sharper slowdown in the coming months as export demand fades and the housing market falters.