Reserve Bank of India -Annual Report 2006-2007
Real GDP growth in India accelerated to 9.4% in 2006-07 from 9.0% in 2005-06, boosted by the double digit growth in the services and industrial sectors.
The acceleration of economic activity is being supported by a significant rise in domestic savings and investment, and productivity gains. A notable feature of economic growth during 2006-07 was the further strengthening of manufacturing activity.
A rise in the various measures of inflation during the period caused the central bank to take a
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