Indian GDP numbers where 8.8% economy grew at its fastest pace in over two years in the April-June quarter but few economists have questioned the accuracy of the data. This is Just for information to investors to take informed decision.
Many economist have voiced concern on the data from HDFCBANK, NOMURA, KOTAK and ANANDRATHI
http://business-standard.com/india/news/factory-pmi-slipsgrowth-still-strong/107263/on The HSBC Markit Purchasing Managers' Index , based on surveys of 500 companies in Asia's third-largest economy, fell to 57.25 in August from 57.6 in July, but remained well above the 50 mark that divides growth from contraction. India's manufacturing sector expanded for the 17th successive month in August, although at a slightly slower pace than in July, supported by strength in new orders.
http://economictimes.indiatimes.com/news/economy/indicators/Economists-question-88-Q1-GDP-growth-number/articleshow/6471484.cms “The divergence (of 5.1%) is at a record high and also inexplicable... Two-thirds of the demand-side GDP growth in the first quarter of this year is because of discrepancies. Excluding discrepancies, 1.4% growth was one of the lowest since start of the quarterly data in the first quarter of FY00,” said Sujan Hajra and Gautam Singh of Anand Rathi Financial Services.
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