India Q1 2015 GDP gives a mixed signal

India released its Q4 FY15 (Q1 2015) GDP data on Friday, 29 May. The GDP growth rate for the quarter printed at 7.5% yoy, a tad higher than market expectation of 7.3% yoy. 

The full year (Apr'14-Mar'15) GDP growth was 7.3% yoy, lower than the market expectation of 7.4%. 

"While the data gives a mixed signal, we are still worried about the quality of the data, given some inexplicable dichotomy." said Societe Generale