labels: economy - general
2005-06 Q4 GDP growth at 9.3 per cent; full-year growth raised to 8.4 per centnews
31 May 2006

GDP growth rate for the fourth quarter of financial year 2005-06 has come in at a better than expected 9.3 per cent, helped by strong growth in agriculture and services. Growth rates for the first three quarters of 2005-06 were 8.5, 8.4 and 7.5 per cent respectively.

Sector-wise Q4 growth

Sector

Q4 2005-06

Q3 2005-06

Agriculture

5.5

2.9

Mining

3.0

0.0

Manufacturing

8.9

8.3

Electricity & Water supply

6.1

5.0

Construction

12.0

11.5

Trade, Hotels, Transport & Comm

12.9

10.2

Finance & Real estate

10.5

8.9

Social & Personal services

7.6

8.4

GDP (factor cost)

9.3

7.5

Advanced estimates of GDP growth for the full year 2005-06 has been revised upwards to 8.4 per cent from earlier estimate of 8.1 per cent. GDP at factor cost for 2005-06 is estimated to have gone up to Rs25,95,339 crore from Rs23,93,671 crore for the previous year.

Sector-wise 05-06 growth estimates

Sector

2005-06 revised estimates

2005-06 previous estimates

Agriculture

3.9

2.3

Mining

0.9

1.0

Manufacturing

9.0

9.4

Electricity & Water supply

5.3

5.4

Construction

12.1

12.1

Trade, Hotels, Transport & Comm

11.5

11.1

Finance & Real estate

9.7

9.5

Social & Personal services

7.8

7.9

GDP (factor cost)

8.4

8.1

At current prices, GDP for 2005-06 rose 12.9 per cent to Rs32,09,397 crore from Rs28,43,897 crore for the previous year. Per capita income at current prices increased 11.2 per cent to Rs25,825 from Rs23,222.


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2005-06 Q4 GDP growth at 9.3 per cent; full-year growth raised to 8.4 per cent