Macroeconomic Indicators (5 March 2011)

The advance estimates of real GDP by the Central Statistical Organisation for the year 2010-11 show a strong pickup in growth of 8.6%, higher than the 8.0% growth recorded in 2009-10, thanks in particular to a significant turnaround in growth of agriculture, forestry and fishing (5.4% against 0.4%). While growth of industry remained flat, that of services decelerated marginally to 9.6% from 10.1% over the two years. At current prices, GDP grew by 18.3% in 2010-11 against 16.1% in 2009-10, partly due to escalated inflation.