Economics
India Grew 6.9% Last Year. But No One's Sure What That Means
Much-needed correction or dubious data?
A worker directs a loader collecting coal at the Goladi coal depot, in Jharia, Jharkhand, India.
Sanjit Das/BloombergThis article is for subscribers only.
India changed its GDP calculations and caught everyone by surprise on Friday evening, with the revisions suggesting Asia's third-largest economy is in much better shape than we thought it was. Or is it?
Subdued expansion was at the heart of Prime Minister Narendra Modi's election win last May, when he promised to jumpstart growth from a near decade-low.