Gross domestic product (GDP) grew an annual 7.3 percent in the
latest quarter, in line with the forecast of analysts in a
Reuters poll, and lower than a revised 7.7 percent growth in
Economic growth for the April-June quarter was surprisingly
marked up to 7.7 percent from a provisional 7 percent reported
The government also forecast that GDP growth for the fiscal year
ending in March 2016 would accelerate to 7.6 percent from a
revised 7.2 percent a year earlier.
Even though the economy lost steam in the last quarter, its pace
of expansion was faster than 6.8 percent growth posted by China
in the same quarter.
However, very few economists are ready to take the official data
at face value, which they say is at odds with weak exports,
railway freight, cement production, investment and flat order
books that point to weakness in the economy.
(Editing by Douglas Busvine)
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