September 2, 2010 1:59 PM

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Economic growth pegged at 10.02% at market prices for June ending 2010

The government has revised the economic growth at market prices to 10.02 per cent for the quarter ending June 2010, from 3.65 per cent stated earlier. Issuing a corrigendum to its figure issued on Wednesday, the Ministry of Statistics and Programme Implementation attributed the mistake to wrong calculation. Earlier, Finance Minister Pranab Mukherjee said, criticism has been made about the projection from the demand side that it is not matching with the growth that has been projected and that will have to be addressed. He said, Central Statistical Organisation sometimes corrects the figures as they are based on random surveys. The incorrect figures surprised many, since the International Monetary Fund has pegged Indian economic growth at 9.4 per cent at market prices for this calendar year, while the April-June, 2010 showed just 3.65 per cent.

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