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India forecasts faster growth in FY15 under new puzzling method

Economy will grow 7.4%, says Statistics Ministry as it revises FY14 expansion to 6.9% from 4.7%

Growth in India's industrial output slowed to an average 1.5 per cent each month last year from 4 per cent in 2010-2013.


INDIA forecast its growth will accelerate this fiscal year under a revised method for calculating gross domestic product (GDP) that has confused economists since it was unveiled about two weeks ago.

The economy will grow 7.4 per cent in the year to March 31, aided by a 7.5