In the first quarter of 2016 India grew by 7.6% year on year - official statistics- for AMarkets materials.
In the 4th quarter of last year, GDP growth in India reached 7.2%. The value of the 1st quarter was significantly higher than expected - 7.9% versus 7.5% Bloomberg analysts' consensus forecast. So far, India has recorded the most vigorous growth rates among the other members of BRIC. Experts believe that the secret lies in the statistical model, with which India considers GDP. Of course, there are positive aspects in the Indian economy.For example, sales of cars, as well as indicators of transportation. However, some very important indicators not demonstrated good dynamics. In particular, the index of industrial production of finished goods - only 0.2% growth in the first quarter. Another point - bank lending figures are at least the last decade. The bottom line - India manipulates statistics in their favor. It seems the country of elephants and incense takes a bad example with China.
Schedule perfectly illustrates this idea.
SCHEDULE - economic growth, counted on the old methodology, vs. India's GDP growth, counted on the new methodology: