Friday, May 29, 2009

India's 2008-09 GDP grew at 6.7% as on expected 6.5% owing to the strengthened service sector offsetting the dropping factory production in the country.
Markets cheered on looking that and the country showed earliest moves on the stabilizing economy and negating the effects of recession and downward economy.
RBI expects 6% growth all round the year but optimist economists expects a better growth in the second half of the year owing to the more governmental spending by the new stable govt.

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