Economy grew at 8.5 per cent in 2010-11, suggests poll of economists
31 May 2011
A poll of 28 economists has thrown up a median estimate for an annual growth of 8.2 per cent in India's economy in the quarter up to March 31 last, unchanged from the previous quarter.
Forecasts ranged from 6.3 per cent to 8.9 per cent.
The economy is expected to have grown 8.5 per cent in fiscal year 2010-11 that ended in March, just below the 8.6 per cent estimated by the government, and up from 8 per cent a year earlier, the poll showed.
Forecasts for the full fiscal year growth ranged between 8.0 per cent and 8.7 per cent.
Industrial output grew an annual 7.3 per cent in March, smashing forecasts on the back of a revival in capital goods production.
The services sector gained momentum in April, with strong growth in new business orders, a HSBC survey showed early this month.