Has India become the new China? This year, the government redid the
way it calculates GDP and it looks as if India has outplayed its
northern rival.
Numbers released two weeks ago showed that India growth beat China’s for the first time. Investors who don’t watch India too closely might think that India suddenly went a 5% growth rate to a Chinese style 7%. But there is a reason for the leap.
The new series uses data sources from India’s Ministry of Corporate Affairs, which calculates activity in the massive informal economy. These new sources plus methodological changes to manufacturing sector statistics resulted in Read More...
Numbers released two weeks ago showed that India growth beat China’s for the first time. Investors who don’t watch India too closely might think that India suddenly went a 5% growth rate to a Chinese style 7%. But there is a reason for the leap.
The new series uses data sources from India’s Ministry of Corporate Affairs, which calculates activity in the massive informal economy. These new sources plus methodological changes to manufacturing sector statistics resulted in Read More...
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