India on track to rival China's economic growth

INDIA's GDP growth in Q1 this year clocked 7.5 per cent; that in Q2 was 7 per cent. These remarkable growth figures followed hot on the heels of its late surge in growth towards the end of 2014.

At this pace, India is set to record a GDP growth exceeding that of China, which is struggling to put together a pace of expansion larger than 7 per cent.

Much of this resurgence in India's economy undoubtedly comes from new Indian Prime Minister Narendra Modi.