With all eyes on the annual report of the RBI on growth on Thursday and its surplus transfer to the government and a host of measures announced by the government to revive the economy and also decisions to boost FDI, broking house CLSA has said the government seems to be favouring an interventionist approach to revive growth.

"There was weak activity trends in July and the government and RBI action could help. The government seems to be adopting a more interventionist approach to revive growth. RBI helping on the monetary and fiscal sides can be good support," CLSA said on the India Strategy.