Economy logs 8.1 pc growth in Q1
By Sanjay Garg | Fri, 09/30/2005 - 14:50
[inline:1]New Delhi--The economy has registered a growth rate of 8.1 percent during first quarter of this fiscal from 7.6 percent in the same period of 2004-05, backed by a robust growth in industry and services sectors.
According to figures released by Central Statistical Organisation, the farm sector witnessed a 2 percent growth during April-June 2005-06 against 3.8 percent during the year ago period, according to figures released by Central Statistical Organisation.
Manufacturing sector logged an impressive 11.3 percent during first three months of 2005-06, compared to 7.9 percent during the year ago period. Most the services grew by over 8 percent during the period.
Among the services, the highest growth of 12.4 percent was observed in trade, hotels, transport and communication during the first three lean months of 2005-06 compared to 11.5 percent during the same period last fiscal.
Financing, insurance, real estate and business services grew by 8.3 percent in the first quarter of this fiscal from 7 percent in the year ago period.
However, the growth in community, social and personal services was lower at 6.1 percent during April-June 2005 compared to 8.2 percent in the year ago period.
Among the other industrial sectors, growth in electricity, gas and water supply was at 7.9 percent in the first three months of this fiscal against 6.1 percent a year ago.
Construction activities expanded by 7.9 percent during the same quarter of this year compared to 5 per cent in the last year.
However, the mining and quarrying sector faltered with growth slowing down to 3.2 per cent during April-June 2005 from 6.9 percent during the year ago period.
In absolute terms, the Gross Domestic Product of the country at factor cost was at Rs 3,82,534 crore during the first quarter of 2005-06 as against Rs 3,53,717 crore during the year ago period.
While the real GDP growth at constant prices was 8.1 percent during the first three months, the nominal GDP at current prices expanded by 12.8 percent during the quarter compared to 12 percent last year.
While the real GDP growth at constant prices was 8.1 percent during the first three months, the nominal GDP at current prices expanded by 12.8 percent during the quarter compared to 12 percent last year.- 314 reads
