Farm Output - GOVT spend power 09 29/05/2009 :

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The much-awaited gross domestic product (GDP) growth number for the full year, FY2008-09, came in at 6.7% versus a projection of 7.1%. The GDP growth for the last financial year, FY08, stood at 9%. The numbers for the fourth quarter of FY09 also came in at 5.8% versus 5.3% last quarter and 8.8% a year ago.

While the official estimate for the full year stood at 7.1%, most experts said the forecast was a little on the higher side and that it would come near the 6.5% range.


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