Indian Economy
As per the Prime Minister’s Economic Advisory Council (PMEAC) Economic Outlook 2011-12, Indian economy is expected to expand by:

8.5% in 2011-12
7.8% in 2011-12
8.2% in 2011-12
8.0% in 2011-12

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Indian Economy
Depreciation means

loss of equipment over time due to wear and tear
destruction of a plant in a fire accident
closure of a plant due to labour trouble
closure of a plant due to lock out

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