India's real GDP inched up to 7.5% in January to March 2015

This is from a revised 6.6% in 3Q.

According to DBS, growth numbers out late last week saw India’s real GDP tick up in Jan-Mar15 (4Q FY14/15) to 7.5% from a downwardly revised 6.6% in 3Q.

Full-year growth at 7.3% and drivers were along expectations, even though the quarterly growth pace was altered because of backward revisions.

Here's more from DBS:

On the supply-side, the economy expanded at a slower 6.1% in Jan-Mar15, from 6.8% in 3Q. Under the expenditure breakdown, domestic demand was supportive of headline growth.

Private spending rose 7.9% from 3Q’s 3.5%, picking the slack from government consumption which slumped -8% from 27.6% in 3Q, given the need to meet fiscal targets and final quarter mandatory cuts.

Capital spending rose 4.1% from 3Q’s 2.4%. This year’s investment cycle is likely to be revived by higher public sector capex, with the corporate sector to pick the baton thereafter as debottlenecking of stalled projects help clear-up balance sheets and profitability returns gradually. Stock of stalled projects stood

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