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Managers at services firms have seen an increase in new orders.
Prime Minister Manmohan Singh has spoken at the Delhi Sustainable Development Summit.
Salman Khurshid, India's foreign minister will meet with EU high representative vice president Catherine Ashton.
The Indian rupee reached a one-week high after the RBI announcement this morning.
India's finance minister wants to bolster investor confidence in the world's fourth largest economy.
Bhutan King Jigme Khesar Namgyel Wangchuck was the chief guest at the celebrations.
The first round of energy negotiations between the countries will be held in Delhi.
The initiative follows a successful business exchange in 2012.
Jagdish Bhagwati says more reforms and liberalisation is the track to pursue for the Indian Government.
Palaniappan Chidambaram says the government will not "breach the fiscal deficit limits".
