<h1>Indian Economy to Grow 6.9% in 2011-12; Forecasts 7.6% in 2012-13, Driven by Agriculture and Services.</h1> The Indian economy is projected to grow by 6.9% in 2011-12, a slowdown from previous years due to weakening industrial growth. Despite this, the Economic Survey forecasts GDP growth of 7.6% in 2012-13 and 8.6% in 2013-14, driven by strong performance in agriculture and services. Inflation has been high but is slowing, and the Reserve Bank of India has tightened monetary policy to manage it. Investment rates have declined, affecting growth, but fiscal consolidation and easing inflation are expected to boost investment. India's foreign trade and financial integration continue to be key growth drivers amid global economic challenges.