India's economic growth accelerated to 7.9 per cent in the first quarter, widening its lead over China and confirming the country's status as the world's fastest expanding large economy and the most dynamic emerging market. Although doubts linger about the reliability of India's new gross domestic product data, the Central Statistics Office said growth in the three months to the end of March rose from 7.2 per cent in the previous quarter. Annual expansion in the 2015-16 financial year reached 7.6 per cent, up from 7.2 per cent the previous year. While China's economy is much larger than India's, growth there slowed to 6.7 per cent in the first quarter of 2016 - the lowest since the depths of the financial crisis seven years ago.

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