Mexican Media Brands
India Says Its Economy Outgrew China in 2015
India’s gross domestic product expanded 7.5% last year compared with 6.9% growth for China, according to government data from both countries.
#economics
Share
India’s gross domestic product expanded 7.5% last year compared with 6.9% growth for China, according to government data from both countries.
India, which tracks its GDP by fiscal rather than calendar years, reports its annualized growth in October-December was 7.3%, down slighting from measures of the upwardly revised two previous quarters. The country predicts growth of 7.6% for the year that will begin on April 1.
A year ago India switch to a different base year and revised its method of estimating GDP. Many economists remain skeptical about the result, pointing to conclusions about overall growth that seem to contradict micro-indicators. Among them for the previous quarter are weak indicators for exports, investment activity, railway freight traffic and cement production.
Supporters of the government data note that India has outgrown China in the past. They point to International Monetary Fund data showing that India’s economy expanded faster than China’s GDP four times in the 1980s and 1990s.
RELATED CONTENT
-
Inside Ford
On this edition of “Autoline After Hours” Joann Muller, Detroit bureau chief for Forbes, provides insights into what she’s learned about Ford, insights that are amplified on the show by our other panelists, Stephanie Brinley, principal analyst at IHS Markit who specializes in the auto industry, and Todd Lassa, Detroit Bureau Chief for Automobile.
-
China and U.S. OEMs
When Ford announced its 3rd quarter earning on October 24, the official announcement said, in part, “Company revenue was up 3 percent year over year, with net income and company adjusted EBIT both down year over year, primarily driven by continued challenges in China.” The previous day, perhaps as a preemptive move to answer the question “If things are going poorly in China, what are you doing about it?, Ford announced that it was establishing Ford China as a stand-alone business unit.
-
On Quantum Navigation, EVs, Auto Industry Sales and more
Sandia’s quantum navi, three things about EVs, transporting iron ore in an EV during the winter, going underwater in an EV (OK, it is a sub), state of the UK auto industry (sad), why the Big Three likes Big Vehicles, and the future of logistics.