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Article: Q2 growth rate likely to be 8.5 pc: Barclays.
- Article from:
- PTI - The Press Trust of India Ltd.
- Article date:
- September 7, 2008
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Q2 growth rate likely to be 8.5 pc: Barclays
New Delhi, Sep 7 (PTI) -- The Indian economy is expected to perform better in the second quarter (July-September 2008) and is likely to record a growth rate of 8.5 per cent, up from 7.9 per cent witnessed in the first quarter, says an international investment banker.
"In Q2 of the current fiscal, GDP growth is likely to be about 8.5 per cent," Barclays said in its recent Emerging Markets Research report.
According to the global investment banker, the country's annual growth is running well above 8 per cent and the first quarter growth rate of 7.9 per cent is likely to be revised upwards by 0.3-0.5 ...