The GDP growth for the fourth quarter of FY 2007-08 has been 8.8 per cent compared with 9.7 per cent in the corresponding period last year.


</p><tr><td><p class='TableClas'></p><P class='TableClas'><DIV CLASS=rightDiv><script language="JavaScript">
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		<script type="text/javascript" src="http://pagead2.googlesyndication.com/pagead/show_ads.js">
		</script> </DIV><p class='TableClas'>Refering to the slowdown in industry, Finance Minister P Chidambaram said "We will have to take corrective measures and we will take those measures ( to push manufacturing growth).</P>
</p><p class='TableClas'>Chidambaram also said that the economy is likely to grow by 8. 5 per cent&nbsp; in 2008-09. On surging global oil prices he said any increase in administerd oil prices will have some impact on inflation in short term. Referring to the 8.1 per cent inflation for the latest week he said, it is a worrisome inflation rate.</P></p><p class='TableClas'></p></table>


Increased oil prices to impact inflation

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