Concern ahead as Indian growth hits 9.4%

India has recorded its second fastest annual growth rate since gaining independence in 1947, expanding at a pace of 9.4 per cent.

The figures for the 12 months to March were revised up from the government’s “advance estimate” of 9.2 per cent, issued in February, largely on account of sizeable upward adjustments to industrial growth in the first half of the year.