Govt leaves FY08 GDP unchanged at 9%

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Reuters

Posted: Jan 30, 2009 at 1142 hrs IST

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New Delhi India on Friday left its estimate for gross domestic product growth in the 2007/08 fiscal year unchanged at 9.0 per cent, a government statement said.

But the Central Statistical Organisation revised upwards GDP growth for 2006/07 to 9.7 per cent from the previous estimate of 9.6 per cent. Expansion in 2005/06 was moved up to 9.5 per cent from 9.2 per cent.

Asia's third-largest economy is expected to slow to around 7 per cent in the current fiscal year which ends in March due to the impact of the global slowdown.

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It's just political propoganda by Hansraj Panigrahi on 05 Feb 2009

These chaps are living in a state of imagination. Where is the possiblity of getting 9% when all factors are going aginst it? It is just election eve political propoganda.

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