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It's official. Indian economy is growing at faster pace than China. Indian economy grew at faster pace of 7.4% in third quarter of 2015, broadly defying emerging market slowdown. In second quarter economy grew by 7%.
Whereas drop in commodity prices has slumped growth in Russia, Indonesia, Malaysia, India reaped benefit from those declines. Inflation has cooled, thanks to lower energy prices, enabling Reserve Bank India (RBI) to reduce rates sharply by 125 basis points. India is major commodity importer.
However, India's growth is not that impressive, considering the lower energy prices. Government has pushed reforms to make investments in the country easy and to do business. However, export sector hasn't improved much, in spite of falling value of Indian Rupee. India benefitted from lower oil price, however still importing lots of oils , which make the country vulnerable to oil price shock.
While Indian G-sec has performed well as RBI reduced rates, however stock market hasn't been much of a performer this year, down close to 5%., while Ruppe is down close to 6% against Dollar.
