India’s economy grew by 7.6% in 2015-16, up from 7.2% the year before, as the country retained its place as the world’s fastest-growing major economy.

Quarterly economic growth leapt to 7.9% in the three months to April from a revised 7.2% in the previous quarter, government data showed.

That acceleration was greater than analysts had predicted.

Finance Minister Arun Jaitley said with China slowing, the world was seeking “other shoulders to rest… growth on”.

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