What were the causes and effects of economic fluctuations in india in 2008-09 its urgently needed no spams pls
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The trend was merely accelerated after the US meltdown and the onset of the global recession. Services sector growth was not expected to slow sharply (as explained in the Mid-Year Review), because of its well known insensitivity to demand cycles and the relatively small contribution of service exports to GDP. There was a sharp increase in the growth of community, social and personal services, which includes GDP from government administration.
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