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INDIA'S ECONOMIC GROWTH AT 8.2% IN 2003-04.

AsiaPulse News

| July 01, 2004 | COPYRIGHT 2004 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

NEW DELHI, July 1 Asia Pulse - Driven by 7.3 per cent growth in the manufacturing sector and over 9 per cent in agriculture, economic growth more than doubled at 8.2 per cent in 2003-04 compared to 4 per cent in the previous year.

Barring mining, construction and financial services, all other sectors recorded a higher growth with hotel and transport sector clocking a double digit growth of 11.2 per cent in 2003-04, up from 7 per cent in 2002-03.

Agriculture zoomed to 9.1 per cent in the last fiscal as against a negative growth of 5.2 per cent in 2002-03.

At constant prices, GDP in 2003-04 is estimated at Rs 14,267.01 billion (US$308 billion) over the quick estimates of Rs 13,183.21 billion in 2002-03. ...

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Source: HighBeam Research, INDIA'S ECONOMIC GROWTH AT 8.2% IN 2003-04.

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