NEW DELHI: The economy in 2007-08 grew by 9% according to revised estimates, the same as estimated earlier, mainly due to high growth in agriculture; manufacturing; real estate; storage and communication; and trade, hotels and restaurants.
However, the growth rate of 9% is below the 9.7% clocked in 2006-07, according to quick estimates of national income, consumption expenditure, saving and capital formation, released by the central statistical organisation on Saturday.
Driving the high GDP growth rate, agriculture grew by 4.9%, manufacturing by 8.2%, real estate and business services by 11.7%, and transport, storage and communication by 15.5%, according to the data.
Source: http://timesofindia.indiatimes.com/Business/GDP_grew_by_9_in_2007-08_CSO/articleshow/4051603.cms
However, the growth rate of 9% is below the 9.7% clocked in 2006-07, according to quick estimates of national income, consumption expenditure, saving and capital formation, released by the central statistical organisation on Saturday.
Driving the high GDP growth rate, agriculture grew by 4.9%, manufacturing by 8.2%, real estate and business services by 11.7%, and transport, storage and communication by 15.5%, according to the data.
Source: http://timesofindia.indiatimes.com/Business/GDP_grew_by_9_in_2007-08_CSO/articleshow/4051603.cms
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