India Sees Growth Exceeding Estimate as Modi Prepares Budget

  • FY16 GDP seen rising 7.6% from 7.2% year ago; 7.4% estimate
  • Focus now shifts to the government's budget due Feb. 29

Gross domestic product will expand 7.6 percent in the year through March, compared with 7.2 percent a year earlier, the Statistics Ministry said in a statement on Monday in New Delhi.

Photographer: Dhiraj Singh/Bloomberg

India sees its growth exceeding economists’ estimates to overtake a slowing China, a pace Prime Minister Narendra Modi’s government will be under pressure to sustain when it presents its budget on Feb. 29.

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