<h1>India's 2011-12 GDP Growth Revised to 6.5% from 6.9%; Recovery Hopes with Mining and Monsoon Improvements.</h1> The Finance Minister announced a revision in India's GDP growth for 2011-12, lowering it to 6.5% from the earlier estimate of 6.9%. The fourth quarter growth was estimated at 5.3%. The slowdown was attributed to tight monetary policy, high interest costs, weak global sentiments, and environmental policy issues in the mining sector. However, improvements in the mining sector, investment growth, and predicted favorable monsoon conditions are expected to aid recovery. The government plans to address fiscal and current account imbalances to curb inflation and boost investment confidence.