New Delhi: The leading credit rating agency, CRISIL Research expects India's gross domestic product (GDP) to expand by 8.6 per cent in 2010-11 and is likely to sustain an annual average of 8.4 per cent over 2010-11 to 2015-16. The growth would be driven by domestic demand spurred by a growing young population, rising middle-class consumption and increasing investment and savings.
CRISIL released its report titled 'India: Raising the bar' on January 4, 2011. The report highlighted that in order to attain a growth of 10 per cent, India will have to undertake structural reforms in infrastructure, agriculture and education and involve increased private sector participation.
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