For the first time in more than 15 years, India’s economy is growing faster than China’s. At least that was the case for 2015; according to government figures released Monday. But there’s more to this story, and HPR’s Bill Dorman has it in today’s Asia Minute.
India’s economy grew 7.5% last year…faster than China’s growth rate of 6.9%. But there’s a cautious reaction in some quarters. Last year, India’s statistics ministry revised some of its measurements, and skeptical economists say it may overstate the case for growth.