GDP growth slows to 7.8% in the first half

Economy Bureau
Posted: Saturday, Nov 29, 2008 at 0129 hrs IST
Updated: Saturday, Nov 29, 2008 at 0129 hrs IST

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Rupee down 10 paise at 46.57 a dollar Dollar influx hurting exports: FIEO 40,000 cr sanctioned for rural development: FM

New Delhi: economy. Despite the high investment figures, the next quarter could be tight when high interest rates bite into capex plans of companies and the overall slowdown hits fresh projects. As per the CSO data, savings accounted for 35.4% of GDP in the second quarter of this fiscal, higher than 33.9% in the same quarter last year.

At a disaggregated level, among services, trade, hotels, transport and communications grew by 10.8% in second quarter, against 11%, financing, insurance, real estate and business services grew by 9.2% against 12.4%, and community, social and personal services grew by 7.6% against 7.7%. All major segments in the services sector recorded high growth, but still slower than in the second quarter of the fiscal 2007-08....

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» GDP growth rate

Posted by Dr.K.K.Ammannaya on 2008-11-29 14:08:40.676524+05:30
GDP growth at 7.80 per cent inthe present scenario is really heartening.India must focus on growth spurring initiatives to further consolidate growth and to improve upon the same.A cheap money policy is essential to spur investments and facilitate growth.

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GDP growth slows to 7.8% in the first half

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