Surjit S Bhalla argues in an article on the Business Standard that a 8% GDP growth for India might be a tad to easy to achieve.

...industrial growth should easily coast at 8% plus levels. Growth in services has historically averaged about 2% higher than industry, which means that services growth should be at least 9% plus. These two sectors, accounting for 80% of GDP, should allow GDP growth to be above 7%. And if agricultural growth matches its long-run average, Indian GDP growth will be 8%.

The article also refutes the populist hyperbole in the UPA government’s claim that if Indians want GDP growth to be 8% plus, then agriculture has to grow at 4%

Read the entire article here.