Monday, May 31, 2010

GDP growth for Q4FY10 at 8.6% - in line with consensus estimates

. GDP growth for the quarter ended 31st March 2010, stood at 8.6%, right in line with Bloomberg consensus estimates of 8.6% growth

· Growth in all the segments for Q4FY10 has been higher as compared with that seen in the previous quarter.

· Mining and manufacturing segment have shown strong growth of 14.0% and 16.3% yoy respectively.

· For the full year FY10, the GDP growth stands at 7.4% vs 6.7% in FY09.

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