9% GDP growth is almost achieved


Number 9 is special number for numerologists as this a number of Mars ( Energy, activity, passion, fire, enthusiasm). 9 is a divine number as per numerology. Why it is divine ? It may have few reasons like as we add 9 with 9 it gives a compound number 18 which is 1+8=9, if you multiply 9 with 9 and add up the compound number it comes to 9 again. A baby is born after 9 month's resting period in her mother's womb while 9 has many other important attributes to it. In the boom period of Indian economy we have seen growth of 9% in GDP while this year in the 2nd quarter the economy has expanded to 8.9% spreading positive waves in the country. We have been watching the stock market almost skyrocketing even amid international negative news and war like situation between North and south Korea.
Growth in the Q2 is mainly due to remarkable recovery in the farm and services sector while agriculture growth was stupendous at 4.4%. Service sector mainly hotel, transport, tourism had a healthy growth. 9% industry growth added up to the overall growth while it is expected that this year growth may touch to the dream 9% level.
A country's growth depends upon its trade, domestic consumption ( household consumption) and investment demand. In household consumption and investment demand we are way ahead from the last year almost nearer to the growth of what we witnessed during 2005-06 and 2007-08

Written By Dipti Prasad Padhi

By : | Category : Business and Economy| Date : November 10,2011

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