India was until recently the fastest-growing major economy in the world, clocking annual rates of 7% or more and sparking predictions that it would soon overtake the likes of the U.K. and Germany.
- By Anirban Nag and Ronojoy Mazumdar
- Bloomberg
Now it looks like that rapid pace may have been overstated.
An academic paper by a former chief economic adviser to Prime Minister Narendra Modi estimates annual growth averaged closer to 4.5% a…