According to a government statement, India's GDP growth for the 2010/11 fiscal year is estimated to grow at 8.6%.

Based on current exchange rates, India is likely to have moved up in global GDP rankings to within the top 10 economies. India FY11 GDP estimated to grow at 8.6%.

India's farm output is expected to grow 5.4%, while industry growth this fiscal is expected at 6.2% in the current fiscal that ends in March.

The service sector growth is projected to grow 11% this fiscal, the government statement showed.

India's economy has grown at 8.9% for two consecutive quarters in the current financial year, provisional data released earlier by the government showed.

(Sourced from Reuters)