Hydroelectric projects and the export of electricity to India will continue to underpin Bhutan's economic growth in the forecast period. Real GDP growth (at factor cost) rose to 6.7% in fiscal year 2009/10 (July-June), from 4.7% in 2008/09. The figures shown in the tables are for GDP growth on an expenditure basis, which measured economic growth in 2009/10 at 15.2% year on year, compared with a 2.7% year-on-year decline in 2008/09. GDP growth (on an expenditure measure) will fall from this high base in 2010/11, to an estimated annual average of 7%. It will remain stable, at 6.9% a year in 2011/12­2012/13. Industrial development, as well as a revival in tourism in 2011-12 following a sharp decline in tourist arrivals in 2009, will also support economic expansion. In the light of the fact that the poverty level in Bhutan remains high, at 23%, despite years of healthy GDP growth, the authorities are keen to promote greater regional development. To this end, officials will continue to encourage fast-growing industries that offer potential employment opportunities, such as tourism, financial services and information technology.