New Delhi, May 30 -- The momentum of the Indian economy that picked up in the March quarter with a 7.4% surge continues in the new financial year going by high-frequency indicators, chief economic advisor V. Anantha Nageswaran said.

Conditions are in place for "a low-inflation, steady growth environment backed by monetary policy and fiscal stability," Nageswaran told reporters, referring to early indications of growth in the current financial year, after the statistics ministry released the quarterly estimate for March and the provisional FY25 figures of 6.5%, first made in the advance projection in February.

To be sure, both March quarter and FY25 figures were lower than 8.4% in Q4 of FY24 and 9.2% (revised) in full FY24. A Mint poll o...