Just to reinforce the last post, Indian GDP growth seems to be holding up remarkably well.
Confederation of Indian Industry has pegged the economic growth at 6.5-6.8 per cent this fiscal backed by a rebound in agriculture and continuance of a robust growth in industry and services sector." In view of our revised agriculture growth estimate for 2003-04, we are revising up our GDP growth forecast to a range of 6.5-6.8 per cent," CII said in its report 'State of the Economy' released today. This is based on the projection that agriculture will grow by 4-5.5 per cent, industry by 6.5 per cent and services by 7.5 per cent in this fiscal.
Source: Economic Times India