Indian economy seems to 
continue with its winning streak. For the first quarter of FY 2007-08, India’s GDP growth accelerated by 9.3% (however, marginally lower from the corresponding figure of 9.6% in the previous year). While manufacturing continued its strong march with 12% growth, inflation too slipped to a 15-month low of 3.94% for the week ended on August 18, 2007. But, the star performer of the quarter was agriculture, which grew by 3.8%, as against 2.8% recorded in the previous year. For the last fiscal, the Indian economy recorded the fastest ever economic growth of 9.4% in the last 18 year. Well, that’s not a bad show. Isn’t it?
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continue with its winning streak. For the first quarter of FY 2007-08, India’s GDP growth accelerated by 9.3% (however, marginally lower from the corresponding figure of 9.6% in the previous year). While manufacturing continued its strong march with 12% growth, inflation too slipped to a 15-month low of 3.94% for the week ended on August 18, 2007. But, the star performer of the quarter was agriculture, which grew by 3.8%, as against 2.8% recorded in the previous year. For the last fiscal, the Indian economy recorded the fastest ever economic growth of 9.4% in the last 18 year. Well, that’s not a bad show. Isn’t it?For Complete IIPM Article, Click on IIPM Article
Source : IIPM Editorial, 2007
An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative
