India to outpace China GDP |
Indian economy will grow by 7.4 per cent in the 2015-16 fiscal, outpacing China to become the world`s fastest growing economy. This was aided by a 7.5 per cent expansion during October- December 2014 in Asia`s third-largest economy. In January, the Statistics Ministry had pegged the previous year`s growth at 6.9 per cent as against 4.7 per cent estimated previously, a revision which led to some economists including RBI Governor Raghuram Rajan seeking more clarity.
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