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Below quote from Suman Bannerjee, CIO, Hedonova, a US based Hedge Fund on GDP numbers

The GDP figures surpassing expectations doesn't surprise me. The Rupee has shown relative weakness against the dollar over the past year, while there's been a significant upsurge in export volumes. Moreover, we have been able to decrease our oil import expenses due to our advantageous ties with Russia. This scenario has resulted in a decrease in the balance of payments account, thus contributing to a boost in GDP. I am also inclined to agree with the projected 7% growth for the forthcoming year. The Reserve Bank of India has performed admirably by controlling inflation and maintaining relatively lower interest rates. An environment characterized by moderate inflation and low interest rates fosters business activities, which I believe will contribute to a GDP growth of 7.5% in the coming year.

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