India's Economic Growth revised to 8.4% of GDP

The Centre has revised the economic growth of India for 2010-11 financial year to 8.4 per cent of the GDP as compared to the earlier estimate of 8.5 per cent.

The Services sector contributed the maximum to the GDP growth. It registered a high growth of 9.3 per cent. The agriculture growth was recorded at 7 per cent, which is considered good for the economy.

The growth rate of manufacturing and construction sector stood at 7.2 per cent. Finance, insurance, real estate and business services showed a high growth of 10.4 per cent in 2010-11 as against the growth rate of 9.4 per cent in the previous fiscal.

While the transport, storage and communication sector grew at 14.7 per cent, electricity, gas and water production growth rate was recorded at 3 per cent as against 6.3 per cent in the last fiscal.