India overtakes China in GDP growth rate
New Delhi : India’s gross domestic product (GDP) inched up by 7.5% during the January-March period to surpass China which scaled a growth of 7% in the same period, mainly on account of improvement in services and manufacturing sectors.
India’s gross domestic product (GDP) grew at a rate of 7.5% in January-March
China grew at a rate of 7% during the same tenure
For full tenure of one year 2014-15 the growth was 7.3% for India
While, China marked it to 7.5 %
The growth numbers are under the new GDP series, which is wholly based on profits of companies both private and public and wage increases
Many economists have raised concern over it as the actual growth may not reflect from it