India's GDP to grow over 9 per cent

NEW DELHI: Driven by robust performance in manufacturing and financial services, the country's Gross Domestic Product (GDP) growth is projected at 9.2 per cent during 2006-07, against 9 per cent in the previous year.

"The 9.2 per cent GDP growth 2006-07 is projected on top of 9 per cent for 2005-06, taking the growth to over 9 per cent for the second year running," according to advanced estimates released by the CSO here.

However, the advance estimates showed that growth in agriculture dipped again to 2.7 per cent in 2006-07 after rising to 6 per cent in the previous year.

The manufacturing sector grew at 11.3 per cent against 9.1 per cent while construction took a breather to 9.4 per cent against 14.2 per cent last year.

The financing, insurance, real estate and business services continued to perform well logging in 11.1 per cent growth against 10.9 per cent.

There was a marginal improvement in mining and quarry to 4.5 per cent from 3.6 per cent last year.