Spotty Economic Data in India Jeopardizes a Fast-Growing Market bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.
For years, the South Asian nation has relied on outdated surveys to quantify everything from gross domestic product to inflation. Most of Indias economic data is based on numbers collected more than a decade ago, when smartphones were rare and apps like Uber or Zomato hadnt yet revolutionized the way Indians travel, eat and shop.
Slowdown threatens Indian economy even as country s rich keep spending businessmirror.com.ph - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from businessmirror.com.ph Daily Mail and Mail on Sunday newspapers.
India's booming economy is the envy of other major markets. But beyond the hype and expectation, people who watch the country closely are flagging warning signs.
India grew by 6.1 per cent in the three months ended March compared with a year earlier, well beyond the 5 per cent estimate. Read more at straitstimes.com.