economy is the 10 largest in the world. In 1970-71, India had 4.7 GDP rate (lakh crores), in 1990-91 it had 10.8 GDP rate and in 2010-11 it was 48.8 GDP rate. The value of rupee in 1991 was 100 paisa and 2011, it was 29 paisa during the downfall against the dollar.INDIAN GOVERNMENT had allowed the situation to develop; the GDP growth of 2010-11 was not satisfying for the corporate world. The GDP growth...
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Metals pack has been witnessing a bloodbath not seen since long time. The whole basket has opened considerably lower on the back of weak Chinese Q1 GDP numbers. China National Bureau of Statistics showed that the GDP unexpectedly slowed down to 7.7 percent in first quarter of 2013, compared to 7.9 percent of GDP for final quarter of 2012.According to preliminary statistics, the GDP totaled 11.89 trillion...
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spike in the current account deficit (CAD) to 3.1% of GDP in the first quarter of 2011-12, as against the 2.5% of GDP registered in the first quarter of the previous year (it was 1.1% of GDP in the fourth quarter of 2010-11), is likely to pose a serious problem in the months to come. On the face of things, it isn’t too bad since the CAD fluctuated in the 2.5% to 3% of GDP range over the previous four...
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(ANI): Reacting to India's FY13 Q1 GDP growth rate of 5.5 per cent, Finance Minister P Chidambaram on Friday emphasized once again the need to take quick decisions to accelerate investments and remove all bottlenecks to investments.In a statement, Chidambaram said: "The first quarter GDP numbers for 2012-13 were released by CSO today. Growth in real GDP (GDP at factor cost at constant (2004-05) prices)...
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GDP witnessed a growth rate of 5.3 percent in the forth quarter of 2011-12 according to figures released by the Central Statistical Office. Union Finance Minister Pranab Mukherjee on Thursday disclosed the figure that was really alarming and even worst than the last quarter's 6.1%.In a statement on 'Revision in GDP Growth for 2011-12' and fourth quarter GDP estimates, Mukherjee said: "The GDP growth...
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Quarterly Gross Domestic Product (GDP) growth in the G20 slowed to +0.7% in the fourth quarter of 2011, compared with +0.9% in the third quarter, according to provisional results from this first time release of the G20 GDP aggregate. In 2011 as a whole, G20 GDP rose by +2.8%, a marked deceleration compared with the +5.0% growth recorded in 2010.The G20 GDP aggregate masks diverging patterns among the...
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Like a lot of middle-class Indians, Bunny and i are worried about the GDP. The GDP that`s got us worried is not India`s Gross Domestic Product, worrying enough though that is, what with the country`s growth having dropped from 9% to barely 6%, if that, thanks to the Utterly Paralysed Alliance government. The GDP that`s bothering us even more than the other GDP is the Great Domestic Paucity, the acute...
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iscal deficit till December already touched 4.3 per cent of the gross domestic product for the entire financial year, just 0.3 percentage points short of the Budget target of 4.6 per cent of GDP.Advance estimates on Tuesday estimated nominal GDP this financial year to be slightly less than that projected in the Budget, and this would magnify fiscal deficit as a portion of GDP.The nominal GDP for 2011-12...
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India's FY13 Q1 GDP growth rate of 5.5 per cent, Finance Minister P Chidambaram on Friday emphasized once again the need to take quick decisions to accelerate investments and remove all bottlenecks to investments.In a statement, Chidambaram said: "The first quarter GDP numbers for 2012-13 were released by CSO today. Growth in real GDP (GDP at factor cost at constant (2004-05) prices) for the first...
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Reacting to India's Gross Domestic Product (GDP) numbers, Union Finance Minister P Chidambaram on Friday emphasized on the need to take quick decisions to accelerate investments and remove all bottlenecks to investments."The first quarter GDP numbers for 2012-13 were released by CSO today. Growth in real GDP (GDP at factor cost at constant (2004-05) prices) for the first quarter (Q1) of 2012-13 is...
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