New GDP calculations chart “V shaped” recovery for India but raise questions
NEW DEHI - India’s newly-revised GDP calculations stun widely-held perceptions that the economy is struggling to return to a high growth path, having grown at a low 5% annual rate over the past three years. The revised data suggests India saw a dramatic “V shaped” recovery in its fiscal year ending March 2014, and that its real GDP growth has possibly surpassed China’s over the past year.