Study Material : Economic Survey 2007-08

Rate of Growth of GDP at factor cost at 1999-2000 prices (percent)

                                      2007-08                  2006-07

GDP                                 8.7                          9.6

Agriculture and allied         2.6                          3.8

Mining                               3.4                         5.7

Manufacturing                   9.4                          12.0

Electricity                          7.8                          6.0

Construction                      9.6                          12.0

Trade and hotels                12.1                        8.5

Finance, real estate, hsng    11.7                       13.9

Community Services           7.0                         6.9

Rate of Growth of GDP at factor cost at 1999-2000 prices (percent) during the Tenth five year plan.

                                        Xth plan

GDP                                   7.8

Agriculture and allied          2.5

Mining                               6.1

Manufacturing                   8.6

Electricity                          5.6

Construction                     12.9

Trade and hotels                8.5

Transp and communcn      15.3

Finance, real estate, hsng    9.5

Community Services           6.1

• Economic Growth in 2007-08 projected at 8.7 percent.
• Overall inflation projected to decline from 5.6 percent in 2006-07 to 4.1 percent in 2007-08.
• Domestic investments and savings drive growth.
• Bank credit grows by 21.5 percent
• Fiscal deficit to decline to 3.3 percent
• Revenue deficit to decline to 1.5 percent
• Gross tax-GDP ratio to rise to 11.8 percent
• Gross foreign direct investments (FDI) inflows reaching $11.2 billion in first six months of 2007-08
• 150 percent increase in net FDI inflows in 2006-07 to $23 billion.
• Industrial sector achieves 9.2 percent growth during April-December 2007.
• Services sector growth continues, transport and communications leads the way with 15.3 percent growth.
• 13.9 percent growth in financial services in 2006-07.