December, picking up on increased government and consumer spending, official data showed on Friday, and the government said it expected a further acceleration in the current quarter.

India’s economy picked up in the most recent quarter as manufacturing and government spending regained momentum.

The latest data also shows the Indian economy crossed a critical psychological threshold when its quarterly nominal GDP crossed the $ 1trillion mark for the first time in a quarter

Chief Economic Advisor V. Anantha Nageswaran states that India's economy needs to grow by 7.6% in Q4 to meet its annual target of 6.5%. This optimistic target follows strong Q3 growth driven by domestic demand,