India logs 9.6 pc GDP growth in FY-07

New Delhi, Jan 31 (UNI) Riding on robust manufacturing and construction growth, India's gross domestic product (GDP) grew by 9.6 per cent in 2006-07, up from 9.4 per cent recorded in the previous fiscal, government data said today.

Per capita income at current prices stood at Rs 29,642 in 2006-07 as against Rs 25,956 in 2005-06, recording a growth of 14.2 per cent.

National income at current prices grew by 15.9 per cent to Rs 33,25,817 crore in the fiscal 2006-07, up from Rs 28,70,750 crore in the previous fiscal, Central Statistical Organisation (CSO) data said.

The country's gross domestic savings at current prices in 2006-07 was estimated at Rs 14,41,423 crore. This constituted 34.8 per cent of the GDP at market prices as against 34.3 per cent in the previous year.

Besides 12 per cent growth by manufacturing and construction sectors, the government also attributed the healthy GDP growth to high growth in transport, storage and communication (16.6 per cent), and financing, insurance, real estate and business services (13.9 per cent). Agricultural output was put at 3.8 per cent.

UNI SAA/SD AK HT1622