Thursday, June 30 2005 14:29 Hrs (IST) - World Time -

New Delhi: Powered by a 9.2 per cent growth in the manufacturing sector, India's economic growth stood at 6.9 per cent for 2004-05, fiscal compared to 8.5 per cent during the previous financial year.

According to estimates released by the Central Statistical Organisation (CSO), the GDP growth rate during the last quarter of 2004-05 stood at 7 per cent as against 6.4 percent during the third quarter of 2004-05.

The agriculture growth showed a marginal improvement during January-March quarter growing at 1.8 per cent against a negative 0.5 per cent growth during the third quarter of 2004-05.

Growth of the agriculture, forestry and fishing sectors grew by 1.1 per cent during full 2004-05 fiscal as against 9.6 per cent during 2003-04.

The trade, hotels, transport and communication industry continued to register double-digit growth by 11.4 per cent as against 11.8 per cent during the previous fiscal year (2004-05).

The performance of the financing, insurance, real estate and business service industry remained unchanged at 7.1 per cent during 2004-05. (It stood at 7.1 per cent during 2003-04).

As for National Income (at 1993-94 prices) the CSO revised estimates for Gross National Product (GNP) at factor cost stood for the 2004-05 fiscal year stood at Rs 15,19,479 crore as against Rs 14,22,479 crore (quick estimates) during 2003-04.

The Net National Product (NNP) at factor cost for 2004-05 rose to Rs 13,54,999 crore as against Rs 12,66,005 crore (quick estimates) during the previous fiscal.

GDP for the last fiscal stood at Rs 15,29,408 crore as against Rs 14,305,548 crore (quick estimates) for 2003-04.