Showing posts with label GDP. Show all posts
Showing posts with label GDP. Show all posts

Tuesday, March 24, 2009

6CPC and Indian economy

Did you think that the implementation of 6CPC recommendations have drained Government money ? Affected our economy badly ? Then it's the other way.
A recent report on economic growth says that 6CPC had helped Indian economy from a steep fall. The current projection 5.3% GDP growth (against 7.6 % in the previous quarter) is below the most conservative projections. But there are a few signs of improvement.
The fall in growth would have been worse, but 6CPC gave a boost to public consumption (upto 24.6 % ), offsetting the deceleration in private consumption.

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