Thursday, February 28, 2008

6th Jupiter strikes & India decelerates !

Indian economy is slowing down ! GDP growth rate comes down to 8.7 percent!

Agri 2.6
Mining 3.4
Electricity 7.4
Manufacturing 9.4
Construction 9.6
Industry, Hotel 12.4
Financing, Real
Estate 8.7
Community
Services 7.0

So it is not a bed of roses. Agri and mining sectors have to be improved considerably. Also power generation and manufacturing, if India has to come to the third place by 2020 ( as per Goldman Sachs recent GDP projections ).

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