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Monday, August 31, 2009

Q1 June 2009 GDP at 6.1%

From 5.8% in Q4 ended March 2009

India's economic growth rose by 6.1% in the June 2009 quarter fuelled by four stimulus packages, government data released a little while ago showed. The country's gross domestic product expanded 5.8% in the March 2009 quarter.

Finance Minister Pranab Mukherjee last week said Asia's third-largest economy could grow around 6% in the year ended March 2010, lower than the 6.7% growth in the year ended March 2009 and after expanding 9% or more in the previous three fiscal years.

The prime minister's economic adviser, C Rangarajan, expects the economy to grow at 7-8% in 2010-11.

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