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India's GDP grew 5.6% in 2001-02
January 31, 2003 13:09 IST
India has revised its gross domestic product growth estimate for 2001-02 to 5.6 per cent from an earlier estimate of 5.4 per cent.
The Central Statistical Organisation said in a statement on Friday that farm sector output grew 5.7 per cent in 2001-02 compared with a fall of 0.4 per cent in the previous year.
The statement said financing, insurance, real estate and business services, one of the key segments of the services sector, grew 4.5 per cent against 3.5 per cent.
The manufacturing sector grew by an estimated 3.4 per cent in 2001-02 compared with 7.3 per cent growth a year earlier.
The Central Statistical Organisation also revised the 2000-01 GDP estimate to 4.4 per cent from the earlier 4.0 per cent.
The Indian economy is expected to grow at 5.0-5.5 per cent in the year ending March 2003.
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