Indian economy grew by 9.4 per cent in 2006-07 against 9 per cent in the previous year as robust growth in manufacturing and services sector more than made up for a slowdown in agriculture and construction sector.
However, gross domestic product growth slowed down to 9.1 per cent in the fourth quarter (Jan-March) of 2006-07 against 10 per cent in the same quarter of the previous fiscal, pulled down by slow agriculture, construction, financial and social services
growth.
GDP growth during the fourth quarter was, however, higher sequentially as it was 8.7 per cent in the previous quarter of 2006-07.
Manufacturing grew by 12.3 per cent in 2006-07 against 9.1 per cent in the previous year, while trade, hotels, transport and communication grew by 13 per cent against 10.4 per cent.
Agriculture and allied sector's growth, however, slowed down to 2.7 per cent against six per cent and construction to 10.7 per cent against 14.2 per cent.
