Excerpt from Report:

India’s GDP grew by 8.4% in fiscal year 2005/06 (ending March 31st 2006)—even faster than its 7.5% growth in 2004/05—with strong performance from both industry and services. Nevertheless, high central and state fiscal deficits, at a combined 7.5% of GDP in 2005/06, will constrain the government.Standard ...

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