February 08, 2016

India had the highest GDP growth of any major economy in 2015

India has overtaken China as the fastest growing major economy in the world with 7.3 percent GDP growth.

India has had 7 years since 2000 with higher GDP growth.

Economic growth is now expected to hit the high of 7.6pc in 2016, according to Delhi's Central Statistics Office, higher than the 7.2pc reached in 2014. India's quarterly growth, measured from the three months to December, was in line with expectations at 7.3pc, and outstripped China's 6.9pc at the end of last year.

India's growth numbers have been the beneficiary of a major statistical revision, which propelled GDP growth from 4.7pc to 6.9pc for the 2013-14 fiscal year.

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