India's economy significantly grew faster at an average rate of 7.5 percent compared with China at 6.9 percent in 2015.

Although these results come at a surprise, it is not unprecedented at all. The International Monetary Fund (IMF) has revealed that the same instance has occurred in 1981, 1989, 1990 and 1999. However, last year was the first time that India's economy has outgrown that of China in this millenium.

Like Us on Facebook

According to the Indian government, the growth between the October and December quarter was 7.3 percent, revealing a slight drop from the previous quarters. Despite the country's economic slowdown in the last quarter, its pace of expansion was still faster than that of China in the same quarter. 

The Indian government predicts that its economic growth by the end of the fiscal year this March will soar high to up to 7.6 percent. Of note, instead of using a calendar year, India utilizes fiscal year to gauge economic growth.

However, for some analysts, the newest growth figures are at odds with other data such as railway freight, weak exports, cement production and investment and flat order books.

Ambit Capital economist Ritika Mankar described the latest GDP figures and the data as "counterintuitive." While Mumbai's Yes Bank chief economist Shubhada Rao claims that the numbers are hard to correlate with other information.

The BBC reports that throwing some speculations over the India's latest GDP is quite fair as the government changed its way of calculating the figures in January 2015. In fact, the statistics ministry of India had to modify and increase its GDP growth rates -- close to that of China -- a year ago by updating the base year utilized for comparing prices. 

The report further stated that despite the high figures, most economists do not see the rapid and actual growth on ground. However, they do not deny the fact that India's economy is growing. 

Tagschina, India, China GDP, India GDP