The Economy

India's Manufacturing Grows 9% In 2005-06

May 31, 2006

India's manufacturing sector grew by 9.0% as the overall economy recorded growth of 8.4% in 2005-06 , beating previous estimates of 8.1%, the government said May 31. In the last quarter of the year to March, India clocked a record 9.3% growth driven ...

Agence France-Presse

India's manufacturing sector grew by 9.0% as the overall economy recorded growth of 8.4% in 2005-06 , beating previous estimates of 8.1%, the government said May 31.

In the last quarter of the year to March, India clocked a record 9.3% growth driven mainly by a healthy 5.5% increase in agriculture, data released by the government's Central Statistical Organization showed.

The better than expected performance in the last quarter was also due to healthy growth in manufacturing and services, it said.

In 2004-2005, India's economy had clocked 7.5% growth.

Copyright Agence France-Presse, 2006

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