Indian officials urge calm amid bullish GDP growth forecast

Nation's gross domestic product expected to expand 7.4 percent in year through March 31

A growth rate on par with China doesn't mean that India's economy is booming, its top statistician said.

Gross domestic product is forecast to expand 7.4 percent in the year through March 31, matching China's growth last year and rising from 6.9 percent last year, according to a new government data series that has left economists confused. In the quarter ended in December, it expanded 7.5 percent.