New Delhi: Economic growth plummeted to 4.3 per cent during 2002-03 from 5.6 per cent last fiscal mainly due to a dismal show by the agriculture sector.

Impressive performance in mining, manufacturing, construction and financing sectors failed to spur the economy as an abysmal negative 3.2 per cent growth in the farm sector during 2002-03 pulled down the overall show.

A poor performance by electricity and trade sectors also added to the woes with sectoral growth falling to 3.9 per cent and 7.8 per cent, as per the latest official estimates released in New Delhi on June 30.

An impressive 6.1 per cent growth in the manufacturing sector during 2002-03 from 3.4 per cent in 2001- 02 failed to make up for the massive loss suffered due to the poor agricultural growth.

Construction also chipped in with growth nearly doubling from 3.7 per cent to 7.2 per cent during the period, while financing, insurance, real estate and business services grew at 6.1 per cent from 4.5 per cent during 2001-02.

Growth in per capita income is estimated at 2.4 per cent during 2002-03 as against the previous year's estimate of 4.3 per cent.

National Income at factor costs is estimated at Rs 11.6 lakh crore during 2002-03 as compared to previous year's quick estimate of Rs 11.15 lakh crore indicating a decline in growth from 6.2 per cent to 4.2 per cent.

During the last quarter of 2002-03 Gross Domestic Product (GDP) growth declined to 4.9 per cent as compared to 6.3 per cent during 2001-02.

PTI