India's GDP likely to grow by 9.2 pc in FY 11: CMIE

The GDP had grown 7.4 per cent in the preceding year.

"We have been maintaining a 9.2 per cent growth projection for FY 11 since March 2010. We project the three broad sectors of the economy (industry, services and agriculture) will improve their performance in FY 11," CMIE said.

The industrial sector, including construction is projected to grow by 9.4 per cent in FY 11, better than the 9.2 per cent growth in FY 10 while the services sector is projected to expand by 10 per cent compared to 8.6 per cent last year led by the trade and transport segment.

The biggest turnaround is expected from the agriculture and allied sector which is projected to grow by 5.7 per cent in FY 11. Foodgrain production is projected to rise by 5.2 per cent as compared to an estimated seven per cent decline in FY 10.

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