RPT-Freight and fridge sales: Indian economists seek GDP clues amid data doubts

NEW DELHI, March 1 Surprised again by India’s strong official growth statistics, economists are relying increasingly on high-frequency indicators like bank credit and rail freight to gauge the real health of Asia’s third-largest economy. For India’s cash-reliant economy, Prime Minister Narendra Modi’s decision in November to outlaw old 500 and 1,000 rupee banknotes came as a big shock.