The Indian economy grew at a scorching 9.2% in July-September 2006 when compared with 8.4% in the same period last year, according to government data released today.Gross domestic product (GDP) at constant (1999-2000) prices for the quarter ended September 30, 2006 is estimated at Rs 6,47,290 crore as against Rs 5,92,652 crore in Q2 2005-06 - a growth rate of 9.2% 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 as against Rs 7,35,461 crore in Q2 2005-06 - an increase of 14%.The sectors that registered significant growth in Q2 of 2006-07 over Q2 of 2005-06 are manufacturing at 11.9%, construction at 9.8%, trade, hotels, transport and communication at 13.9% and financing, insurance, real estate and business services at 9.5%.The agriculture sector posted a growth of 1.7% 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% is "very impressive."He added that all sectors of the economy,except agriculture, recorded good growth in the second quarter.Click here to see official release
