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Methodology Change Puts India's Growth At 7.4%

Published 02/10/2015, 01:03 AM
Updated 03/19/2019, 04:00 AM

India expects its economy to grow 7.4% in the current fiscal year, a growth rate that rivals China’s, write Raymond Zhong and Anant Vijay Kala for The Wall Street Journal. The growth rate reflects a strengthening recovery but also a recent radical revision in the way the country calculates its gross domestic product. The Indian statistics ministry was careful to play down any notion of a horse race with Beijing.

If India can outpace its northern neighbour and strategic rival, it would mark a comeback for the South Asian nation, whose economy had until recently appeared to have lost its shine amid corruption scandals and gaping trade and budget deficits.

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