An update on Indian Economy in 2011!

The Reserve Bank of India lowers the growth project of Indian economy, according to the apex bank there would be 8 per cent growth for Indian economy in 2011-12. There are many causes those would not allow the economy to grow faster.

The major concerns would be the high inflation rate, oil prices and sovereign debt crisis in the euro-zone nations. The inflation and the food inflation were at peak cause disturbing the household budget.

The industrial output has been another major concern to keep the pace of the GDP. Focus can be given to all the sectors and thanks to the projects of perfect monsoon this time. This may help to farmers to have good cultivation, which is the core base for the agriculture sector.

However, the growth of 8 per cent would also be impressive for the Indian economy, considering the major crisis.