Economists see 8.9pct growth in Q1

19/04/2010 00:00 AST

According to a recent survey of economists, Indian economy seems to be going on the right track and project growth to be a robust 8.9% in the first quarter of 2010-11 and 8.7% in the last quarter of 2009-10.

The overall growth rate would see a better performance from agriculture and allied services and the sector is expected to grow by 4% in 2010-11, up from a negative growth of 0.2% in 2009-10. The services sector too is expected to show an improvement in growth in the current financial year to 9.3% up from 8.1% in 2009-10.

The survey, conducted by industry body Federation of Indian Chambers of Commerce and Industry however, projects industrial growth to moderate in the current financial year, with growth paring from 10% in 2009-10 to 9.2% in 2010-11.

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