India's growth trumps China, GDP at 7.5%

May 29, 2015 18:13

The government today released the Gross Domestic Product figures. The GDP figure for 2014-2015 is 7.3, short of the government expectation of 7.4 per cent. The growth in the first quarter of 2015 is 7.5 per cent.

In effect, India's economy has grown at a faster rate than its Chinese counterpart for a second straight quarter, but nagging concerns remain over the government's new way of calculating its growth data and how the robust growth figures belie broad economic weaknesses. Read more

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