The Big Picture – Revised GDP data: Why the mismatch with reality?

http://youtu.be/rWecsNj7CRc Summary: The Indian economy is looking better than anyone expected. It is being touted as on par with China and is even expected to overtake it sooner than one thought it would. This is what the new GDP numbers based on revised methodology are saying. What was thought in 2014 was just 4.7% growth …