Growth projected to hit decade’s lowest at 5 pc

PRESS TRUST OF INDIA

New Delhi, Feb 7 : India’s economic growth rate this fiscal is estimated to be sharply lower at 5 per cent, lowest in a decade, on account of poor performance of manufacturing, agriculture and services sector. This estimate by CSO is drastically lower than what has been projected thus far by the government and the RBI.
 “The growth in GDP (Gross Domestic Product) during 2012-13 is estimated at 5 per cent as compared to a growth rate of 6.2 per cent in 2011-12,” according to the Advanced Estimates released on Thursday by the Central Statistical Organisation (CSO). In 2002-03, the GDP had grown at 4 per cent. Since then the Indian economy has been expanding at over 6 per cent, the highest rate being 9.6 per cent in 2006-07.

Lastupdate on : Thu, 7 Feb 2013 21:30:00 Makkah time
Lastupdate on : Thu, 7 Feb 2013 18:30:00 GMT
Lastupdate on : Fri, 8 Feb 2013 00:00:00 IST



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