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Indian economy to grow by 7.75 pc in FY10: FM

Indian economy to grow by 7.75 pc in FY10: FM
New Delhi, Feb 10: Finance Minister Pranab Mukherjee on Wednesday, Feb 10, said that India's economy will grow 7.75 per cent this fiscal.

Addressing a meeting, Mukherjee said, "The Economic Survey 2008-09 had indicated that the upper bound of growth in real GDP for the year 2009-10 could be around 7.75 per cent."

He further said, "With the latest GDP data on 2009-10 indicating 7.9 per cent growth in the second quarter, the growth outlook for the next two quarters and for the whole year is expected to be in the upper bound range of most predictions for the Indian economy.

"The Central Statistical Organisation in its advance estimate has projected the economy to grow by 7.2 per cent this fiscal," he added.

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Gross domestic product 11 Feb 2010 06:54 am
EVERYDAY ONE VIP OR THE OTHER, EITHER FORM GOVERNMENT OF INDIA OR RBI OR CONGRESS PARTY WILL TALK OF GDP GROWTH AND Financial Newspaper PUBLISH THE SAME in their NEWSPAPER. Fact is that ninety nine point nine percent of Indian population do not read or do not understand newspaper and they at least do not understand what GDP is, whether it is Gross domestic Product of economists or Garibi Development Project of ruling government or Gross Domestic Poverty of the country which is rising at 6 to 9%. Common men know and understand easily that Poor are growing poorer, number of poor persons is increasing year after year and rich people are growing riche and richer. Basket of goods bought b majority of Indians is shrinking day by day due to decreasing earning and increasing prices Where from GDP growth claimed by Government after all comes from? How GDP growth is calculated and how does it reflect the true picture of people living below poverty line? Even poverty line is based on all criteria. If poverty line is redefined keeping in view current price rise and change in nature of essential goods or based on actual need of calorie intake I hope astonishing and astronomical rise in poverty will expose the hollowness of GDP growth hyped by economists, media persons and ruling echelons.
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