Latest Expert Exchange Queries
sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
 
 
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Service Tax | Sales Tax | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Indirect Tax | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing
 
 
 
 
Popular Search: ACCOUNTING STANDARDS :: Central Excise rule to resale the machines to a new company :: form 3cd :: cpt :: VAT RATES :: TAX RATES - GOODS TAXABLE @ 4% :: TDS :: VAT Audit :: ACCOUNTING STANDARD :: ARTICLES ON INPUT TAX CREDIT IN VAT :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: list of goods taxed at 4% :: due date for vat payment :: empanelment :: articles on VAT and GST in India
 
 
« General »
 What the increase in tax collections does not tell us about Indian economy post demonetisation
 India’s crazy retrospective tax on foreign funds will tarnish country’s reputation
 How tax related, PAN grievances can be resolved through E-Nivaran
 Tackling income tax exemptions for equities and agriculture
 Amfi wants tax benefits for retirement plans
 Top five factors which could chart market direction in the coming week
 Tax rate hikes boost shadow economy
 Tax mop-up may decline in new amnesty scheme
 Weeks before Budget, Finance Minister Arun Jaitley lists out benefit of low tax rates
 Second home loan tax benefits
 Alarm bells over return of tax inspector raj

GDP growth at 9 per cent
May, 31st 2008

Indias economy grew 9 per cent through last fiscal year the third straight year it has expanded at such a brisk pace helped by robust growth in the farm sector, the government said on Friday.

The new estimates beat the government's own forecast of 8.7 per cent growth in gross domestic product in 2007-08, but these also point to a sharper slowdown in manufacturing that was more than offset by buoyant growth in agricultural output.

Friday's data showed agricultural and allied activities grew 4.5 per cent, up from earlier forecast of 2.6 per cent, while manufacturing growth decelerated to 8.8 per cent from 9.4 per cent projected earlier.

"By any measure, 9 per cent growth for a developing country is very satisfactory growth in a year that has witnessed turbulence in many, many markets," Finance Minister P Chidambaram said.

Chidambaram, however, said the current financial year (2008-09) could turn out to be a difficult year and reduce growth.

"The current financial year appears even more difficult than the year that has come to an end, but I am confident we will maintain growth," he said "All taken together, there is no reason to think that it ( 2008-09) will go below 8.5," he said.

The biggest concern appear to be the slowdown in the manufacturing sector, which has been hemmed by a hardening interest rate regime.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Binarysoft Technologies - Sitemap

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions