Indian GDP numbers bring cheer : Better than Expected

by khalid on 02/06/2010 · 0 comments

India’s economy is rolling along nicely. Fiscal year 2009-10 notched an impressive GDP growth rate of 7.4 per cent, outstripping earlier forecasts and riding on a robust 8.6 per cent fourth quarter expansion. Gross domestic product (GDP) was Rs 44,64,081 crore (at 2004-05 prices), bettering the earlier government estimate of 7.2 per cent growth over the previous year’s Rs 41,54,973 crore. while we may well be headed for 8.5 per cent growth in 2010-11, it’s still too early to say the recovery process is on autopilot. So the economy is Bouncing Back.

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