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Monday, May 3, 2010

GDP growth in FY11 at 8.1 per cent: NCAER

New Delhi: According to the National Council of Applied Economic Research (NCAER), the Indian economy is expected to grow by 8.1 per cent in 2010-11 driven by an anticipated expansion in agriculture, industry and service sectors.

NCAER's agriculture projection for the current fiscal year stands at around four per cent. Shashanka Bhide, Senior Research Counsellor, NCAER said that they have projected an 8.1 per cent GDP growth along with a positive growth in agriculture production.

According to Bhide, the four per cent projected growth in agriculture production will be a big contribution to the change in overall growth.

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