NCAER projects growth rate of 8.5%

NCAER projects growth rate of 8.5%

The lower growth projection by NCAER—country’s leading economic think tank— is in contrast to 9 per cent economic growth rate forecast by Prime Minister’s Economic Advisory Council (PMEAC). NCAER  projected 3.2 per cent growth rate in agro sector in 2011-12 compared to 5.4 per cent in 2010-11. The industry and services is expected to grow at 8.9 and 9.6 per cent respectively in 2011-2012.