India's GDP to log impressive 9.2 pc growth for 2nd consecutive ye

New Delhi, Feb 7 (UNI) The Government today said the economy was expected to grow during 2006-07 at a spanking rate of 9.2 per cent.

In its first official estimate for the current fiscal year ending in March, the government estimated India's gross domestic product (GDP) growth at more than 9 per cent for the second consecutive year driven by robust performance in its manufacturing and services sectors.

Manufacturing output growth projected at 11.3 per cent compared to 9.1 per cent a year ago, and service sector, which make up more than 50 per cent of GDP, were seen growing at 11.2 per cent in 2006-07 compared with 9.8 percent the year before.

Financing, insurance, real estate and business services continued to perform well, recording an 11.1 per cent jump against 10.9 per cent in the previous year.

However, there was a slowdown in the growth in the construction sector at 9.4 per cent from 14.2 per cent last year.

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