GDP growth seen at 7.8%

“Looking at the recovery of GDP in the last quarters, GDP growth to touch in the range of 7.5-7.8 per cent in 2009-10,” he said at a seminar on corporate governance.

GDP growth in Q2 was 7.9 per cent while the third quarter of last fiscal saw a growth of 5.8 per cent. The feedback on the growth rate of industry suggests that manufacturing and services sectors are doing exceptionally well, he said.

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