India Misses Chance to Outpace China as Growth Lags Estimate

India missed a chance to overtake China as the world’s fastest growing major economy as its expansion last year fell short of estimates.

Gross domestic product rose 7.3 percent in the 12 months ended March 31 from a year earlier, the Central Statistics Office said in a statement in New Delhi on Friday. That was slower than the 7.4 percent median estimate in a Bloomberg survey and compares with China’s 7.4 percent expansion in 2014. The International Monetary Fund predicts India will outpace China in the current fiscal year.