Review of Economy – 2007 -08

By Vijay Kumar

The Economic Advisory council to the Prime Minister has released the Review of Economy – 2007 -08.

The Highlights:

++ Economic Growth in 2007-08 likely to be 8.9%

++ Agriculture growth at 3.6%

++ Industry growth at 9.7%

++ Services growth at 10.3%

++ Rising domestic savings and investment – chief engines of growth

++ Capital inflow of 103 billion dollars almost double the projected 58 billion.