Friday, February 27, 2009

Business Updates

Today, Rupee hits its all time low of 51.12/14 per dollar.

Indian economy growth slow downed to 5-6 year old pace. 3rd quarter GDP recorded the 5.3% as compared to its previous quarter [Q2] growth of 7.6%.

GDP contributors are:[See the agriculture & manufacturing sector]

Farm sector output is at 2.2% versus 6.9% YoY
Manufacturing output is at 0.2% versus 8.6% YoY
Mining sector growth is at 5.3% versus 4.3% YoY
Construction growth is at 6.7% versus 9% YoY
Industry growth is at 2.4% versus 8% YoY
Services sector growth is at 9.9% versus 10.2% YoY

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