Economy forecasted to grow by 8.1% in FY 2011-12.

By bne IntelliNews June 7, 2011
India's economy is forecasted to grow by 8.1% in the current financial year, though a failure of monsoon i s likely to reduce the growth rate to about 7.6%. As reported by The Press Trust of India Limited, the Gross Domestic Product (GDP) was recorded at 8.5% during the last fiscal year, mainly supported by a sharp recovery in farm output. The agriculture and allied activities grew by 6.6% during the last fiscal year, as compared to the increase of 0.4% in 2009-10.

Economy forecasted to grow by 8.1% in FY 2011-12.

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