Growth will pick up by this fiscal end, says pranab
March 3rd, 2010 - 9:05 pm ICT by IANS
New Delhi, March 3 (IANS) Finance Minister Pranab Mukherjee wednesday said that economic growth would pick up in the last quarter of this fiscal and the dip in the third quarter was because of the steep fall in agricultural output.
“The third quarter growth rate of 6 percent reflects the sharp decline in agricultural growth rate due to drought and negative rate of government spending,” Mukherjee said at a function of the national council of CII.
“I do expect that in the fourth quarter the GDP will pick up again,” he said.
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Tags: agricultural growth, agricultural output, cii, decline, drought, economic growth, finance minister, fourth quarter, gdp, government spending, last quarter, New Delhi, pranab mukherjee, quarter growth, steep fall
