Metrics 2.0: India economy grew at a robust 9.3% in 1Q 2006

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. The 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 cent). The growth rate in per capita income is estimated at 6.9 per cent during 2005-06. 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)

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