India's economic growth revised down to 8.4% in 2010-11 fiscal year
2012-01-31 17:07:54
India's economic growth has been revised down to 8.4 percent for 2010-11 fiscal year from the earlier estimate of 8.5 percent, said official data Tuesday.
"The Gross Domestic Product (GDP) at factor cost at constant prices in 2010-11 has registered a growth of 8.4 percent over the previous year," said provisional data released by the Indian Ministry of Statistics and Program Implementation.
GDP at factor cost at constant (2004-05) prices in 2010-11 is estimated at 48.85954 trillion rupees (about 1 trillion U.S. dollars), which is 8.4 percent more than the previous year's 45. 07637 trillion.
The major source of growth in the GDP has been from the services sector, which has grown at 9.3 percent. The agriculture sector growth has also been impressive at 7 percent, while the growth in the secondary sector, which includes manufacturing and construction, was at 7.2 percent.
Meanwhile, the Gross National Income has registered a growth of 7.9 percent in 2010-11 over the previous year.