The advance estimate of gross domestic product for the current fiscal is expected to undergo a sharp upward revision as the Central Statistical Organisation has lowered the figure for GDP growth for last fiscal, 2000-01.
The estimates for the rate of growth of GDP for the year 2001-02 to be released this week will benefit from the lowered GDP growth rate calculated for the previous year, since the CSO has now found that it had grossly over-estimated the rate of growth for the services sector.
For 2000-01, the revised estimates prepared by CSO had estimated the rate of growth of GDP at 5.2 per cent, which itself was a scaled down figure from the quick estimate of 6 per cent.
But according to the latest data, the growth rate for the services sector will have to be moved southward, especially for the category
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