News Release Details
Overview of the Indian Economy
New Delhi 11-Sep-2007
Indian economy grew at 9.3% during the first quarter of 2007-08, industry and services sectors registered double-digit growths and agricultural growth also picked up. Rising share of Investment in GDP was a heartening feature of the current growth performance. Along with this, the cooling off of inflationary pressures contributed to strengthening the macroeconomic fundamentals. Performance of FDI flows and direct tax collections in the current fiscal has been remarkable. However, rising rupee, slower export growth, large power demand-supply gap and wide gap between urban and rural spending remain areas of concern. For the complete snapshot, please <a href =/downloads/EconomyMirror/OverviewIndianEconomy.doc class=normallink target=_blank>click here
New Delhi 11-Sep-2007
Indian economy grew at 9.3% during the first quarter of 2007-08, industry and services sectors registered double-digit growths and agricultural growth also picked up. Rising share of Investment in GDP was a heartening feature of the current growth performance. Along with this, the cooling off of inflationary pressures contributed to strengthening the macroeconomic fundamentals. Performance of FDI flows and direct tax collections in the current fiscal has been remarkable. However, rising rupee, slower export growth, large power demand-supply gap and wide gap between urban and rural spending remain areas of concern. For the complete snapshot, please <a href =/downloads/EconomyMirror/OverviewIndianEconomy.doc class=normallink target=_blank>click here