Annual Report 1999-2000 Government of India Planning Commission

Abstract

The performance of the economy during the first three years of Ninth Five Year Plan is described in the following sections. The overall performance of the economy has improved during 1998-99 compared to the previous year. As per the Quick estimates, the Gross Domestic Product (GDP) in 1998-99 records a growth of 6.8 per cent as against the growth rate of 5 per cent during 1997-98. The increase in the rate of economic growth is mainly due to higher growth in agriculture, electricity and trade. After a negative growth of 1.9 per cent in 1997-98, the agricultural GDP registered a growth of 7.2 per cent in 1998-99. ‘Electricity, gas & water supply' and ‘trade, hotels & restaurants’ recorded higher growth at 7.9 per cent and 8.1 per cent respectively during 1998-99.