India's GDP up 8.8 % from year earlier - Hindustan Times
close_game
close_game

India's GDP up 8.8 % from year earlier

Reuters | By, New Delhi
May 30, 2008 12:21 PM IST

India's economy grew 8.8 per cent in the March quarter from a year earlier, led by strong expansion in the services sector, and the pace of growth was faster than market expectations.

India's economy grew 8.8 per cent in the March quarter from a year earlier, led by strong expansion in the services sector, and the pace of growth was faster than market expectations.

HT Image
HT Image

The annual growth for India's fiscal fourth quarter was higher than the median forecast in a Reuters poll of 8.2 per cent, and matched an upwardly revised 8.8 per cent in the October-December quarter.

Hindustan Times - your fastest source for breaking news! Read now.

That left full fiscal-year growth at 9.0 per cent and showed growth was still robust despite tightening of monetary policy and strengthening of the currency in 2007.

The government had earlier estimated annual growth of 8.7 per cent for the whole of 2007/08.

Unlock a world of Benefits with HT! From insightful newsletters to real-time news alerts and a personalized news feed – it's all here, just a click away!- Login Now!
Stay informed on Business News along with Gold Rates Today, India News and other related updates on Hindustan Times Website and APPs
SHARE THIS ARTICLE ON
Share this article
SHARE
Story Saved
Live Score
OPEN APP
Saved Articles
Following
My Reads
Sign out
New Delhi 0C
Friday, March 29, 2024
Start 14 Days Free Trial Subscribe Now
Follow Us On