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Last Updated : January 31, 2012 12:40:52

India's GDP registers 8.4% growth in 2010-11

NEW DELHI (Commodity Online): India's Gross Domestic Product (GDP) has registered a growth of 8.4%, according to the latest data released by the Ministry of Statistics and Programme Implementation.

 

The GDP growth was mainly due to the growth in services sector, agriculture sector and also the secondary sectors like manufacturing and construction.

 

Earlier, India's apex bank, Reserve Bank of India(RBI), on the back of global economic slowdown, high domestic interest rates and other factors, had lowered its GDP growth forecast for the current fiscal to 7 % from 7.6%.

 

India's agriculture sector registered a growth of 7 % while, secondary sector and service sectors grew 7.2% and 9.3% respectively in 2010-11.

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