Business Daily from THE HINDU group of publications
Wednesday, February 28, 2007
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Business Daily from THE HINDU group of publications Wednesday, February 28, 2007 |
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News Update as at 11.00 hrs (IST)
Budget NEW DELHI: The Finance Minister, Mr P Chidambaram presented the Union Budget for 2007-08 in the Lok Sabha on Wednesday. Manufacturing growth rate estimated at 11.3 per cent. 9.2 per cent GDP growth rate estimated in 2006-07. Average growth for last three years is 8.6 per cent. Saving rate of 32.4 per cent, investment rate of 33.8 per cent will continue. A number of proposals to perk up agriculture to be announced. Bank credit rate grew by 29 per cent during first ten months of 2006-07. Inflation during 2006-07 estimated at between 5.2 and 5.4 per cent against 4.4 per cent during the previous year.
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