Indian Economy is probable to be expected to increase by
4.9% in the financial year by ending March 31, 2014 as compared to 4.5 % rapid
expansion witnessed in the last year, according to government data released on
Friday. The Country’s GDP at important factor at higher prices in 2013-2014 is probable
to be 57.5 lakh crore as compared to RS.54.8 lakh crore in the previous year, observing
year on year high rise of 4.9 %, “according to the latest data released by the
central statistics office.”
Recently, the government lowered the economic rapid growth number
for 2012-2013 to 4.5% from the previous projection of 5%. For the present economic,
the sectors which are expected to register more than five percent rapid growth
are insurance, financing, real estate and business services, social and electricity,
water supply and gas. The agriculture sector is probably to be expected to
increase by 4.6%, manufacturing is estimated to contract by 0.2% and mining output
will fall by 1.9% year on year.
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