GDP grows 7.9% in Q1 June 2008
The
gross domestic product (GDP) grew 7.9% in the June 2008 quarter from a
year earlier, easing from the previous quarter's 8.8% rise as
industrial activity slowed due to monetary tightening.
The GDP
growth in the first quarter of the current fiscal year was lower than
market expectations of a rise of a little above 8%.
The
manufacturing sector grew 5.6% in June 2008 quarter from a year
earlier, while the farm sector expanded an annual 3%, government data
showed.
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