MUMBAI: India posted annual growth of 7.3 per cent, overtaking China in the first three months of 2015, but analysts warned further measures were needed to boost the economy.

The growth rate for the financial year that ended March 31, 2015 came in slightly lower than the 7.4pc that the statistics ministry had predicted back in February.

But the news that Asia’s third-largest economy grew by 7.5pc in the fourth quarter, overtaking China, is a major boost for Prime Minister Narendra Modi a year after he was elected.

India’s giant neighbour posted growth of 7pc for the first three months of 2015.

India’s Finance Minister Arun Jaitley said the latest figures suggested the economy was in recovery mode.

Published in Dawn, May 30th, 2015

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