Benchmark
India Now Has a Keqiang Index -- And It Paints a Bleaker Growth Picture
Indian brokerage created gauge as signals from the ground contradicted upbeat GDP
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Chinese Premier Li Keqiang's name has been attached to another economic gauge, covering another billion people: this time in India. And the picture the Indian Keqiang index is painting is more downbeat than glowing official data.
Indian stock brokerage Ambit Capital established the Keqiang index for the subcontinent as it tries to unravel the mysteries of new gross domestic product data introduced in January that has puzzled economists since.