India’s Growth Trumps China

India’s economy grew 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.

Gross domestic product (GDP) for the January-March period grew 7.5 percent from the year-ago period, data showed on Friday, compared with 7.3 percent expected in a Reuters poll and after expanding 7.5 percent in the previous quarter.

By comparison, China’s economy expanded an annual 7.0 percent in the first quarter after logging 7.3 percent growth in the fourth quarter of 2014.

CNBC

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