UNCTAD: India’s GDP to develop 8.1% in 2011

  • As per UNCTAD (United Nations Conference on Trade and Development), Indian economy likely to expand by 8.1% in 2011
  • This would be the fastest growth rate in the world after China
  • In its global release of Trade and Development Report 2011, the UNCTAD opined that the Indian economy will grow by 8.1% in 2011, against to 8.6% in 2010, despite down in developed nations and many other countries
  • Different agencies and their projections about the growth of Indian Economy for the year 2011-12

 Agency

Projected Growth (in %)

Government of India

8.5

Asian Development Bank

8.2

International Monetary Fund

8.2

United Nations Conference on Trade and Commerce

8.1

World Bank

8

Reserve Bank of India

8

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