May 2024
Intermediate to advanced
688 pages
51h 31m
English
Content preview from Business Environment, 1st Edition by Pearson
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Chapter 22: The Indian Economy | 267 |
average Indian. PCI, which is an important parameter of economic
development of a nation, is expected to grow, according to advance
estimates for national income, by 14.4 per cent during 2008–09,
the highest growth rate recorded in a single year in the last decade.
The growth in the PCI considers into it the increase in the country’s
population, which has been rising steadily over the years. Though
the GDP growth rate during the current fi nancial year is estimated
to drop to 7.1 per cent, by conventional estimates, from 9 per cent
a year ago, PCI is expected to ascend by INR 4,801 to INR 38,084
during 2008–09. Even after discounting for infl ation (at 1999–2000
prices), the PCI is expected to rise to ...
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