Q4 FY06 GDP up

The Indian Economy continues to impress with its high growth rates. The Latest numbers were released just few minutes ago by the planning comission. Monteck Singh Ahuwalia just confirmed that the the ecomomic growth shows the strong fundamentals of the Indian Economy. The GDP was stated to grow at 9.3%(yoy) in FY06 vs 8.6%(yoy) in FY05. The numbers for the sectors of economy were equally impressive.

Q4 06. . . .Q4 05

Manufacturing . . . . 8.9% . vs . 8.1%

Construction . . . . 12.1% . vs. 12.5%

Farm Produce . . . . 5.5% . vs . 1.1%

Mining. . . . . . . . . . 3.0% . vs . 3.7%

Electricity . . . . . . . 6.1% . vs . 1.4%

Total Q4 FY-06 . . 8.9% . vs . 8.1%

Let us just hope that the long term fundamentals of the Indian Economy is intact and we would continue to be the favorite destimation for the foriegn capital inflows in the emerging markets. Indian share market seem to be supported by the New Age Indian Economy which seems to be next only to the China in terms of growth and potential.