January 31, 2011 6:31 PM

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2009-10 GDP growth rate revised to 8%

The GDP growth rate for 2009-10 has been revised to 8 percent. It was initially revised at 7.4 percent for the period. According to the latest estimates by Ministry of Statistics and Programme Implementation, the higher GDP rate has been possible due to faster growth in transport, storage and communication along with financing, insurance and personal services. The Per Capita Income has also registered an increase of 14.5 per cent. The index of six core industries also grew by 0.6 percent in April to December. They include crude oil, petroleum refinery products, coal, electricity, cement and finished carbon and steel. Our correspondent reports that the country is poised to register 8.5 per cent growth this fiscal.

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