Annual Report 2004-05

Abstract

The overall performance of the economy during 2003-04 has been quite encouraging with an estimated annual growth rate of 8.2 percent in Gross Domestic Product (GDP) over the previous year. The growth rate in agriculture and allied sector is estimated at 9.1 percent while that in industry and services sector it is 6.7 percent and 8.7 percent respectively. As per the latest estimates on National Income, brought out by the Central Statistical Organisation, the Gross Domestic Product (GDP) is expected to grow at a rate of around 7 percent during the first half of the year 2004-05. The estimated growth rate of agriculture, industry and services sectors during the first two quarters of the current year are 1.5 percent, 7.5 percent and 8.8 percent respectively