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The Significant rise in Manufacturing/Trade/Transport/Communication Finance and Social Services helped achieve 7 per cent growth rate in the fourth quarter of 2004-05. Trade, Hotel, Transport and Communication achieved the highest growth of 11.1 per cent in the fourth quarter, followed by manufacturing 8.6 per cent, Financing, Insurance, Real Estate, Business Services 7.7 per cent and Community and Social and personal services 7.2 per cent, as per the estimates at constant (1993-94) prices of the Central Statistical Organisation, Ministry of Statistics and Programme Implementation.
In rupee terms it amounted to 4,14,045 crore against 3,86,819 crore in Q-4 of 2003-04. Infact, this was the highest Q-4 GDP income in the last three years. Among the four Q GDP’s of 2004-05, Q-4 was higher than Q-2 and Q-3 while Q-1 was 7.6 per cent.
Throughout 2004-05, growth in Agriculture was the on the down-slide with the highest being 3.8 per cent in Q-1 and -0.5 in Q-3, but bettered in Q-4 with 1.8 per cent. Q-2 remained neutral. Going by Industry-wise, growth in Mining also went on sliding from 6.9 per cent in Q-1 to 2.5 per cent in Q-4. It was a mixed trend in case of Manufacturing with Q-3 seeing the highest growth of 10.5 per cent and the lowest of 7.9 per cent in Q-1. Electricity, gas and water supply which recorded the highest growth of 9.1 per cent in Q-2 also went down to 2.6 per cent in Q-4.
Growth level of the Construction Industry remained above 5 per cent on an average, except for Q-3, when it was the highest of 7.2 per cent. Trade, Hotels, Transport and Communication maintained the double-digit growth, in all the four quarters, with the highest 12.3 per cent in Q-2. Financing, Insurance, Real Estate and Business services growth, during the year, was an average of 7 per cent plus, while Community, Social and Personal services saw varied growth in the four quarters with the highest being 8.2 per cent in Q-1 and the lowest 3 per cent in Q-2.
VKS/SR
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