Keeping pace with China, India's economy
grew at a strong 9.3% in the quarter ending March 31, fueled by
surprisingly strong performance in farm production and growing consumer
spending, according to the Ministry
of Statistics and Program Implementation.
- GDP for the fiscal year ending March
31 grew at 8.4%, above the initial estimates of 8.1%.
- China's economy grew 9.9% in 2005 and
is expected to maintain the strong pace this year.
sectors which showed strong growth rates for the fiscal year ending
March 31 are manufacturing (9.0 per cent); construction (12.1 per
cent); trade, hotels, transport and communication (11.5 per cent);
and financing, insurance, real estate and business services (9.7 per
growth rate in per capita income is estimated at 6.9 per cent during
- The GDP at constant (1999-2000) prices
in the fiscal year 2005-06 is now estimated at Rs.25,95,339 crore (USD
$ 561 billion)
Economists and Industry digests the latest Indian GDP numbers:
Global Insight: Economy of India Records Blistering Growth in Q4