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A GDP growth of 9.4 percent in 2006-07 makes it the second successive year of 9 per cent plus growth. The country's GDP crossed the billion-dollar mark for the first time ever in April 2007, and India now finds itself in an elite club of trillion dollar nations.
? High Savings Rate
There is little doubt that the changing savings and investment profile is powering India's growth engine. The savings rate shot up to 32.4 per cent of GDP during the year in review This is at par with some of the top ASEAN nations.
? Manufatucting Sector Growth
Manufacturing posted a growth of over 12 percent Capacity expansion was fueled by a boom in capital goods, electronics and automobile sectors, emphasising the consumer boom...
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