(MENAFN) Recently released figures shows India's high GDP growth of 7.0 percent in the April-June period, but there are still serious concerns that the growth is overstated due to the new official methodology for calculating the country's GDP.
As a result for these new calculations, India became the fastest-growing relevant economy 'on paper' overnight, which generated a great deal of controversy about the authenticity of such presented calculations.
Economic signs need to be analyzed to assess India's economic performance, due to a lot of numbers being unrealistic like car sales which seems to have recovered from 2.8 percent in the second half of 2014 to 7.4 percent in the first half of 2015.
Another good measure to measure the evolution of the Indian economy is tax revenue, which should be correlated with the targeted sectors, as confirmed by many experienced economists in the country.
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