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India IT Executive Report 2007
IV. ECONOMIC ENVIRONMENT The Indian economy continues to show one of the highest rates of economic growth among developing countries. Its economy registered 8.4 percent growth in 2006 and is projected to improve to the 9-10 percentage range in 2007. This represents the fastest growth rate after China. Gross domestic product (GDP) grew by 8.1 percent in 2004, 8.3 percent in 2005 and 8.4 percent in 2006 mainly due to expansion in private consumption, investments and exports.
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