Asian Economic News

India Jan-Mar Qtr Growth Tops Expectations

India's economic growth improved strongly in the three months ended March, preliminary data from the Central Statistics Office revealed Friday.

Gross domestic product rose 7.5 percent year-on-year, exceeding economists' consensus for 7.3 percent expansion.

The growth figure for the October-December quarter was revised down to 6.6 percent from 7.5 percent.

For the full year 2014-15 that ended on March 31, growth was 7.3 percent, slightly less than the 7.4 percent estimated in February after a new calculation methodology was introduced.

by RTTNews Staff Writer

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