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The Economic Advisory Council (EAC) to the Prime Minister released its review of the Economy 2007-08, which is an update on the Economic Outlook for 2007, at a Press Conference in New Delhi. Addressing the Press, Chairman EAC, Dr. C. Rangarajan said that the economic growth of the country in 2007-08 is likely to be 8.90 per cent with Agriculture growing at 3.6 per cent, Industry 9.7 per cent and Services 10.3 per cent. He also projected a baseline growth of 8.5 per cent in 2008-09.

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