A vendor at a vegetable stall in New Delhi. India posted 13.5-per-cent first-quarter growth between April and June. Photo: Bloomberg
A vendor at a vegetable stall in New Delhi. India posted 13.5-per-cent first-quarter growth between April and June. Photo: Bloomberg
India

Joy as India replaces UK as world’s 5th-largest economy, but analysts call for a ‘reality check’

  • India cemented 5th place by posting first-quarter growth of 13.5 per cent. And its estimated US$854.7 billion economy is still growing
  • But analysts say high unemployment, weak domestic consumption and a slowing global economy could curtail growth in the coming quarters

A vendor at a vegetable stall in New Delhi. India posted 13.5-per-cent first-quarter growth between April and June. Photo: Bloomberg
A vendor at a vegetable stall in New Delhi. India posted 13.5-per-cent first-quarter growth between April and June. Photo: Bloomberg
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