Economy is poised to take off at a much faster pace, Finance Minister Arun Jaitley told reporters on Thursday.
Asia's third-largest economy grew an annual 7.5% year-on-year in the quarter through December, higher than 7.3% growth recorded by China in the latest quarter, after its statisticians changed the way they measure it.
New Delhi expects the economy to grow an annual 7.4% in the year ending in March, faster than a revised 6.9% a year earlier.
"We are now poised to take off at a much faster pace," Jaitley said.