Tuesday, February 24, 2009

India’s GDP growth slipped to 5.3% in the third quarter

India’s GDP growth slipped to 5.3% in the third quarter (October ~ December 2008) of the financial year.

There were speculations that India would beat China in the third quarter where the latter initially clocked 6.8% GDP growth in the same time period. With that not happened, the message that could have been sent to the investor community that India being the fastest growing big economy didn’t materialize.

3 comments:

Business And Financial Stock News said...

I am a CA by profession and I was looking to get some latest India GDP news so I stopped at your blog. I also like to share with you that according to Nasscom study, the current size of BPO industry is $11 billion and it is expected to grow by five-fold in size to $50 billion by the year 2012. This growth in Indian BPO will add nearly 2.5 percent to the India's GDP from the export earnings and employment to nearly 2 million people.

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