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INDIA'S GDP GROWTH RISES 8.4PCT IN 2005-06.
NEW DELHI, June 1 Asia Pulse - Healthy growth in manufacturing and services, along with a rebound in the farm sector, propelled the Indian economy to 8.4 per cent growth in 2005-06, compared to 7.5 per cent in the previous fiscal year.
The 8.4 per cent growth rate is higher than earlier estimates of 8.1 per cent GDP growth during 2005-06.
As per the revised estimates by the Central Statistical Organisation, GDP grew by 8.5 per cent in the first quarter of FY'06, 8.4 per cent in the second quarter, 7.5 per cent in the third and 9.3 per cent in the fourth quarter.
Agriculture sector growth bounced back to 3.9 per cent from a meagre 0.7 per cent in 2004-05, bringing the government closer to achieving its target of 4.0 per cent growth, according to the latest government data released on Wednesday.
The manufacturing and services sector continued to post ...
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