Buoyancy in agriculture has pushed the economic growth to 9 per cent, up from 8.7 per cent estimated earlier, even as the performance of manufacturing sector has been deteriorated.
"The upward revision in the GDP growth rate is mainly on account of the revision made in the estimated production of agricultural crops by the Department of Agriculture and Cooperation," the government said in revised estimates of GDP.
The agricultural and allied activities grew by 4.5 per cent, compared to earlier estimates of 2.6 per cent, while the manufacturing sector growth has been lowered to 8.8 per cent from 9.4 per cent.
Going by the revised estimates, India's GDP growth stood at nine per cent in 2007-08, compared to 9.6 per cent registered in the previous fiscal.
Image: Face of a booming Indian economy. Shopping malls open frequently and the shops are full of western merchandise for workers with high disposable income. India's new middle class is about 300 million, and growing. | Photograph: Uriel Sinai/Getty Images
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