It also raised state-set prices of diesel to lower its subsidy payout as part of a plan to reduce its budget deficit.

WSJ: World Bank: India's Economy Is Recovering

It has also raised state-set prices of diesel to lower its subsidy payout, besides setting up a panel to fast-track large industrial projects.

WSJ: ADB Expects Indian Economy to Expand 6%

However, concerns of intermittent spikes in inflation still remain due to regular increases in state-set fuel prices.

WSJ: India Inflation Slows to Below 6%

It has allowed small but regular increases in state-set diesel prices and allowed more foreign investment in a number of sectors, including retail and aviation.

WSJ: India Cuts Policy Rate

Since September, the government has taken several fiscal reform measures such as allowing regular increases in state-set discounted prices of diesel and capping the number of LPG cylinders available to families at subsidized rates.

WSJ: India Inflation Picks Up

Former petroleum minister Sameh Fahmy is among a host of other former Egyptian officials charged in relation to prices set in the Israel gas deal, according to Egypt's state-run Ahmramonline website.

CNN: Egyptian companies abruptly halt gas exports to Israel

Since September, the government has taken several measures to boost economic activity, such as allowing foreign supermarket chains to set up shop in India, permitting foreign airlines to buy stakes in local carriers and raising the state-regulated prices of some fuels.

WSJ: Indian Economy to Grow at Weakest Pace in a Decade