India takes down China as fastest growing economyStaff writer ▼ | February 18, 2016
India continued its economic expansion becoming the fastest growing economy of 2015. With a growth rate of 7.5 percent India outpaced China's 6.9 percent.
Economies India outpaced 6.9 percent of China
Growth of the world’s second-largest economy, on the contrary, slowed to 6.9 percent last year from 7.3 percent in 2014. This was the worst result for China in 25 years.
India is the third largest importer of crude oil behind China and the US. Energy makes up almost 70 percent of the country’s imports. ■