India's economic growth has been revised down to 8.4 per cent on Tuesday for 2010-11 financial year compared to the earlier estimate of 8.5 per cent.

The Gross Domestic Product (GDP) at factor cost at constant prices in 2010-11 has been recorded at the level of 8.4 per cent over, according to the estimates released by the ministry of statistics and programme implementation.

According to the data released by the government said, "The major source of growth in the GDP has been from the services sector which has grown at the rate of 9.3 per cent. The agriculture sector growth has also been impressive at 7 per cent during the year 2010-11."

The growth of secondary sector was revised to the level of 7.2 per cent in 2010-11. The GDP growth estimate for the financial year 2009-10 has been revised upward to 8.4 per cent from the previous estimate of 8 per cent.

Agriculture sector growth was estimated at 7 per cent in 2010-11 as against a mere 1 per cent in 2009-10. Finance, insurance, real estate and business services increased by 10.4 per cent in 2010-11 compared to a growth rate of 9.4 per cent in the previous fiscal.

The Central Statistical Office did not announce the reason for changes to the estimate.