The government on February, 1 announced that Indias Gross Domestic Product for 200506 stands revised up to 9 per cent (from the previous estimates of 8.4 per cent) against 7.5 per cent during 200405. The revision has had an effect on the growth in the agriculture sector, which is now shown at 6 per cent for 200506 against the previous estimates of just 3.9 per cent. Manufacturing is shown a shade better at 9.1 per cent as against the previous figure of 9 per cent.

According to official figures, the growth rate of 9 per cent in GDP during 200506 was achieved due to high growth in agriculture, forestry and fishing, manufacturing, insurance, construction, financing, real estate and business services and transport. Both savings and investment rates were above 30 per cent of GDP in 200506. The Gross Capital Formation at current prices constituted 33.8 per cent of GDP in 200506 as against 31.5 per cent in 200405, while the Gross Domestic Saving (GDS) accounted for 32.4 per cent of GDP as against 31.1 per cent.