What's Changing - India
Please see below selected India-related change from 2015 and earlier, For change from 2016 onwards, please see What's Changing? - Economics and What's Changing? - Emerging Markets.
- Buoyed by rising manufacturing output, India’s economy grew by 7.4% in the third quarter compared with the same three months last year. Buffered by financial gales two years ago, India is now the best performer among the BRICS economies, outpacing China’s growth rate of 6.9% in the third quarter. Inflationary pressures have receded, but reforms intended to streamline taxes, such as introducing a national sales tax, have stalled in parliament.