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India's Economy Surges by 7.5%
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29.05.2015
India's economy grew 7.5% in the three months ending in March, the same pace as in the previous quarter and above expectations, meaning the country has outpaced China's economic expansion for the second straight quarter.
Forecast were for growth of about 7.3% for the period compared with a year earlier.
However, the country adopted a new way of calculating economic expansion, which some experts say distort the real picture.
Despite the robust numbers, India's government and its businesses are hoping the country's central bank will move to cut lending rates again soon to give the economy a further boost.
Forecast were for growth of about 7.3% for the period compared with a year earlier.
However, the country adopted a new way of calculating economic expansion, which some experts say distort the real picture.
Despite the robust numbers, India's government and its businesses are hoping the country's central bank will move to cut lending rates again soon to give the economy a further boost.
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