According to Government
Data revealed Friday, The Indian Economy is expected to grow by 4.9% in the
financial year ending March 31, 2014 as compared to 4.5% rapid expansion
recorded in the preceding year. According
to Accurate data released by the central statistics office, The country’s Gross
Domestic Product remains at constant for factor price in the session 2004-2005
and prices in the year session 2013-2014 is likely to be Rs57.5 lakh as
compared to Rs. 54.8 lakh crore in the preceding year, registering year on the
year surge of 4.9% by this office.
Recently, the government
lowered the economic growth number for 2012-2013 to be 4.5% from the earlier prediction
of 5 percent. For the present economic, the sectors which are predictable to catalog
more than five percent growth are insurance, financing, gas and water supply. The
agriculture sector is probable to grow at 4.6 % and manufacturing is estimated to
contract by 0.2% and mining output will drop by 1.9% year on year.
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