81 Tests, 2019 Articles
and counting ...

India To Grow A Paltry 5% in FY 2012-13: CSO

PUBLISHED BY: SURENDER KUMAR
FEBRUARY 07, 2013

   
  submit to reddit   Delicious   Digg   LinkedIn  

 

The Indian economy is expected to grow at 5 % in FY 2012-13, the lowest in a decade, due to poor performances of manufacturing, agriculture and services sectors.

 

The CSO estimate is a lot lower than the government projections so far.  As compared to the growth rate of 6.2 % in 2011-12, it’s a steep fall as per the advance estimates of the Central Statistical

Organization (CSO).

 

 

 

The latest estimates project the agriculture and related activities growth at 1.8 % in 2012-13, compared to 3.6 % in 2011-12. The manufacturing growth is also expected to drop to 1.9 % from 2.7 % last year. The services sector is likely to grow 8.6 %, as against 11.7 % last fiscal.



ARCHIVES -- CURRENT AFFAIRS

Tell Us About gkmine.com

We Listen ...


Fortnightly Contest


... WIN Exciting Prizes ...

item-pointer Coming Soon ...

... Previous Winners ...