Economics
India Offers a Big Caveat to its 8.5% Economic Growth Forecast
Workers labor at the roadside below an elevated track near DLF Cybercity in Gurgaon, India.
Kuni Takahashi/BloombergThis article is for subscribers only.
India doesn’t want anyone to think growth of 8.5 percent means its economy is booming.
The Finance Ministry ministry made the projection for the fiscal year starting April 1 after the Statistics Ministry revised the way it calculates gross domestic product last month. The forecast of 8.1 percent to 8.5 percent growth is by far the fastest pace among major economies.