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MP economy grew 12 per cent last fiscal: government

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Press Trust of India Bhopal

The agriculture sector grew at an exceptional 18 per cent, a government release said here adding the manufacturing sector clocked a close to 17 per cent growth, while the industry grew 8 per cent.

The contribution of the industrial sector to the state's GDP increased to 29 per cent, it said, adding this would herald a job growth and higher capital investment.

State's growth rate has ranked third in the country in the last four years, and remained above the all-India average growth rate, the release said.

Madhya Pradesh had witnessed a negative growth in 2000-01 (-7 per cent) and 2002-03 (-4 per cent), the release pointed out.

 

The ruling BJP government also claimed that the state's economy had grown in the last seven years despite various odds, such as less-than-average rainfall for five years.

Frost in 2010-11 had adversely impacted the farm output in the state, it said adding despite this the economic growth stood close to 8 per cent during the period.

Madhya Pradesh registered about 10 per cent growth in 2009-10, it said.

  

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First Published: Jun 29 2012 | 7:36 PM IST

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