India outpaces China in 2015 economic growth

India outpaces China in 2015 economic growth

India’s economy has grown at an average rate of 7.5% in 2015, faster than the 6.9% growth in China.
In recent history it has been unusual, but not unprecedented, for India to grow faster than China.
India’s government said growth in the October to December quarter was 7.3%, a slight drop on previous quarters which were revised sharply higher.
Even though the economy lost steam in the last quarter, its pace of expansion was faster than the growth posted by China in the same quarter.
India measures its economy over a fiscal rather than a calendar year.
Prime Minister Narendra Modi’s government said growth for the fiscal year ending March 2016 is forecast to accelerate to 7.6%.