With such a high growth number, India outpaces China - giving PM Modi more reasons to celebrate after completing two years in office last week India’s gross domestic product (GDP) grew 7.6 per cent in 2015-16, up from 7.2 per cent a year ago. The full-year growth was fuelled by close to eight per cent growth rate in the fourth quarter of 2015-16, the fastest in the world for the January-March quarter and FY16 since the new GDP series was launched in 2011-12. With such a high growth number, India has managed to retain its tag of the world’s fastest growing major economy — outpacing even China — giving Prime Minister Narendra Modi more reasons to celebrate after completing two years in office last week. ALSO READ: FY16 fiscal deficit target met Though the annual growth rate remained the same, quarterly economic expansion changed in 2015-16 between the actual data that was released on Tuesday and advance estimates. The GDP grew 7.5 per cent in the first quar
PRINT & PACKAGING | DIGITAL MEDIA | BRANDING | RESEARCH