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The economy has grown at
an impressive growth rate of 9.4 per cent during 2006-07 as
against 9 per cent in 2005-06. |
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The growth rate has been spurred by the
industrial and services sectors, which have logged a 10.9
and 11 per cent rise in 2006-07 respectively, against 9.6
per and 9.8 cent in 2005-06. |
Some
of the propellers of GDP growth for 2006-07 have been manufacturing,
which grew by 12.3 per cent (against 9.1 per cent in 2005-06),
trade, hotels, transport and communications sector, which
grew by 13 per cent (against 10.4 per cent in 2005-06), and
construction, which grew by 10.7 per cent. |
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Electricity, gas and water supply also
grew by 7.4 per cent in 2006-07 against 5.4 per cent in 2005-06.
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There has been an exceptional growth
rate in some specific industries, like commercial vehicles
at 17.9 per cent, telephone equipment sector by 43.5 per cent,
passenger growth in civil aviation by 32.2 per cent and information
technology by 31 per cent (in revenue terms). |
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Overall balance of payments recorded
a surplus of US$ 36.6 billion during 2006-07, as against US$
15.1 billion in 2005-06. |
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