The GDP growth is higher to 7.9% in the March-quarter and 7.6% for the complete year in line with estimates, which come as a good spark for PM Narendra Modi to increase his investor presentations amid the two day US trip next week.

The high GDP statistics, which corroborate India’s position of the world’s best growing main economy beating China, matches with the Narendra Modi government’s just finished super celebrations to mark the two years in power.

As per the growth made in GDP has come from development in private consumption noted as 7.4 % in 2015-16 as against 6.2% in 2014-15, with its share in GDP improving to 59.5% from 57.6 % in 2014-15.

Kotak Mahindra Bank’s chief economist Upasan Bhardwaj, features the skip in private investments to high dividend payouts by corporations instead of a boost in investments. The renewal in private expenditure goes in line with the uptick seen in auto sales numbers and person loan enlargement.

Chandrajit Banerjee, director general, CII, said the "impressive GDP print pointed to a revival of growth impulses which, going forward, would gather further momentum".

He added,"The numbers show that consumption demand has been the main driver of growth in 2015-16 with investment continuing to perform below potential as compared to last year,"

Rishi Shah, economist, Deloitte, said; "Private investment figure is the only red herring in the numbers that are otherwise pretty much in line with expectation."

He said, “overall investment would continue to be driven by the government.”

"It can be expected that investment levels may not move up in the short-to-medium term. The revival is likely to be driven by government push. It'll be another two-three quarters before we see some investment happening from the private sector," he said.

Shah said the core sector was showing a pickup in its performance registering a third month of acceleration in April as it touched 8.5% as compared to -0.2% last year.

"This bodes well for the economy as it is a major determinant in alleviating the supply side constrains in the economy. Growth in the core sector is being supported by robust increases in electricity generation and some pick up in steel production that could be on the back of increases in international prices. A few more months of such growth levels could possibly indicate that the recovery is gaining steam," he said.