GDP growth for 2003-04 revised upwards to 8.5 pc
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31/01/2005
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Business Line (New Delhi)
The Government revised upwards the country's gross domestic product (GDP) growth rate for 2003-04, with the latest 'quick estimate' putting the figure at 8.5 per cent, as against the earlier 'revised estimate' of 8.2 per cent released on June 30 last year. The upward revision has been on account of the farm sector and services, which are now estimated to have registered growth rates of 9.6 per cent and 9.1 per cent in 2003-04 (against the earlier estimates of 9.1 per cent and 8.7 per cent, respectively). On the other hand, the growth rate for industry has been marginally brought down from 6.7 per cent to 6.6 per cent.