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India's GDP growth rate in 1998-99 put at 6.8 pc

The economy grew by 6.8 per cent in 1998-99. There were fears of a slower growth due to industrial slowdown.

Official estimates of national income attributed the growth in Gross Domestic Product to impressive performance in construction, agriculture, communications and banking sectors.

The Central Statistical Organisation said the GDP at constant prices (1993-94) stood at Rs 1.081 trillion in 1998-99 as against Rs 1.012 trillion the previous year.

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