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INDIA'S ECONOMY POSTS 8.4% GROWTH IN 2003.
NEW DELHI, Jan 1 Asia Pulse - Indian economic growth shot up to a record 8.4% during the 2nd quarter of 2003-04, after years of sluggish growth, thanks to bumper agriculture production, coupled with impressive performance by industry.
The services sector, led by trade, hotels, transport and communications, chipped in significantly, with over 7.0% growth to push up GDP, data for which was released by the Indian government here on Wednesday.
The combined effect of the 3 important components - agriculture with 4.1%, manufacturing 6.8% and services, led to an overall 7.0% growth in GDP during April-September 2003-04, amid predictions of further improvement in the economy.
It is the first time in almost a ...
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