Declining GDP Growth

摘要

Official data released last month has shown that the economy may have expanded only 4.5 per cent in 2012-13, well below the earlier estimate of 5 per cent.The downward revision has been prompted by lower than provisionally estimated agricultural and manufacturing output. This is reflected in the first revised GDP estimates for 2012-13 released by Central Statistics Office last month. The revised GDP growth of 4.5 per cent is a decadal low — the previous low of 4 per cent was recorded in 2002-03. Economic growth for 2010-11 was also lowered to 8.9 per cent which was a revised estimate from 9.3 per cent projected earlier.