The Indian economy grew at a scorching 9.2 per cent in July-September 2006 when compared with 8.4 per cent in the same period last year, according to government data released on Thursday.
Gross domestic product at constant (1999-2000) prices for the quarter ended September 30, 2006 is estimated at Rs 6,47,290 crore (Rs 6472.90 billion) as against Rs 5,92,652 crore (Rs 5926.52 billion) in Q2 2005-06 - a growth rate of 9.2per cent over the corresponding quarter of previous year.
GDP at factor cost at current prices in Q2 of 2006-07 is estimated at Rs 8,38,367 crore (Rs 8383.67 billion) as against Rs 7,35,461 crore (Rs 7354.61 billion) in Q2 2005-06 - an increase of 14 per cent.
The sectors that registered significant growth in Q2 of 2006-07 over Q2 of 2005-06 are manufacturing at 11.9 per cent, construction at 9.8 per cent, trade, hotels, transport and communication at 13.9 per cent and financing, insurance, real estate and business services at 9.5 per cent.
The agriculture sector posted a growth of 1.7 per cent in the period under review, the release added. The next release of quarterly GDP estimates for the quarter October-December 2006 (Q3 of 2006-07) will be on 28/02/2007.
Finance Minister P Chidambaram said the Q2 GDP growth of 9.2 per cent is "very impressive." He added that all sectors of the economy, except agriculture, recorded good growth in the second quarter.
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