India's GDP grows at 8.5% in FY-2011, Q4 growth at 7.8%

India's economy has grown by 8.5 percent in fiscal year 2010/11 that ended in March 2011, just below the government's 8.6 percent estimate, and up from eight percent a year earlier. The economy grew by 7.8% in Q4.

Farm sector grew 7.5 percent in the March quarter, compared with 1.1 percent in the year-ago quarter.

Manufacturing grew 5.5 percent, compared with 15.2 percent.

Mining output grew 1.7 percent, compared with 8.9 percent.

Financing, insurance, real estate and business service grew 9.0 percent versus 6.3 percent.

Construction grew 8.2 percent versus 9.2 percent.