Indian GDP expected to growth faster than China

With the new set of GDP series pushing up India's growth rate, the economy growing faster than that of China (India has been outgrowing China in nominal terms for quite some time now, thanks mainly to the prevailing high inflation) seems to be a distinct possibility now.

There is of course a cat and mouse game going on at present. Last December when India's reported real GDP growth was 7.5%, it was announced that the Indian growth rate had finally overtaken Chinese growth. However, that wasn't the case as we learned last Friday that India's December quarter growth rate was revised down fairly substantially - GDP from 7.5% yoy to 6.6% and GVA (Gross Value Added) from 7.5% yoy to 6.8%. 
In comparison, China grew by 7.3% yoy during the same period, notes Societe Generale.

By Q1 2015, however, India was back again at the top with a GDP growth rate of 7.5% yoy, while Chinese growth decelerated to 7%. Going forward, India is expected to grow faster than China, according to Societe Generale.