GDP growth slowed in second half : Economic Review 2011

The government released the Review of the Economy 2010-11 that predicted a slower economic growth in the second half of the current year.

Against 8.9% in the first half, it predicts full year growth to be around 8.6%, indicating a 8.3% growth during the second half.

Agriculture expected to grow at 5.4% in 2010-11 and 3.0% in 2011-12 while industry will grow faster in 2011-12 at 9.2% compared to 8.1% in 2010-11

Similarly, Services too is expected to grow at 9.6% in 2010-11 and 10.3% in 2011-12.

Shortfall in India’s goods trade with other countries will rise from $ 132.0 billion this year to $151.5 billion in 2011-12.