India has once again posted growth of more than 7%, securing its standing as the world's fastest growing major economy.
Official data released Monday showed GDP grew at an annual rate of 7.3% in last three months of 2015, a tad weaker than the previous quarter but in line with forecasts.
The country's manufacturing sector is booming, and the Indian government is forecasting GDP growth of 7.6% for the current financial year ending March 31 -- a much faster pace than China will deliver.