Revised estimates of GDP for FY 2011-12
published by CSO indicate an unabated slowdown in the domestic economy
for the fourth consecutive quarter. During Q4 (Jan-Mar 2012)of FY
2011-12 real GDP growth was 5.3% as against 9.2% in the corresponding
quarter of previous year. Growth during Q3 of FY 2011-12 was 6.1%.
GDP growth rate for the entire year
2011-12 was sharply down to 6.5% as compared to 8.4% during 2010-11.
Sectoral growth analyses reveals that agriculture and allied sector
registered a growth of 2.8% (7.0% in 2010-11);industry 3.4% (7.2%) and
services 8.9% (9.4%). Particularly, decline in growth of manufacturing
segment was very steep at 2.5% vis-à-vis 7.6% last year. There has been a
drop in both consumption rate (from 68.4% in 2010-11 to 67.7% in
2011-12) and Investment Rate (from 35.8% to 35.5%).
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