India's economy forecast to grow 7.4%

India forecast its economy will accelerate 7.4 percent this financial year, data showed Monday, under a revised formula for calculating gross domestic product that has baffled analysts since its release last month. The economy will grow 7.4 percent in the year through to March, the statistics ministry announced, after earlier revising the forecast expansion to 6.9 percent from 4.7 percent by using the new formula. Asia's third-largest economy also grew at an annualised 7.5 percent in the th