CMIE sees real GDP growth at 9.2 % this fiscal | business | Hindustan Times
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CMIE sees real GDP growth at 9.2 % this fiscal

business Updated: Dec 19, 2010 10:14 IST

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India's real GDP growth in fiscal 2010-11 is likely to be at 9.2 %, a leading think-tank said.

"We expect a 9.2 % growth in real GDP in fiscal 2010-11," the Centre for Monitoring Indian Economy (CMIE) said in its latest review of the Indian economy in Mumbai.

In FY 10, real GDP grew by 7.4 %.

According to the think-tank, all the three broad sectors of the economy -- industrial, services and agricultural and allied sectors -- are expected to fare well.

"The industrial sector (including construction) is projected to grow by 9.4 % in fiscal 2010-11, better than the 9.2 % growth in 2009-10," the CMIE said.

On the services sector, it said that the sector is projected to expand by 10 % this fiscal as compared to 8.6 % in FY 10. "The trade and transport segment will lead this growth," CMIE said.

With an impressive growth in the commodities sector, trade activities are projected to grow by a robust 10.5% in 2010-11, as against a 7.3 % rise estimated in 2009-10 and a 6.3 % growth achieved in 2008-09, it said.