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GSDP registers 9.2 per cent growth

Special Correspondent

It was 9.9 per cent in 2006-07: State Economic Survey

BANGALORE: The secondary sector, comprising manufacturing, construction and electricity, registered an impressive growth rate of 9.9 per cent in the State in 2006-07 as against 8.3 per cent in 2005-06.

According to Karnataka's Economic Survey of 2006-07, the State has registered an impressive growth of 9.2 per cent of the Gross State Domestic Product in the current year as against 7.8 per cent in 2005-06.

During the current year, the primary sector, including agriculture, forestry and logging, fishing, mining and quarrying, recorded two per cent growth rate following drought in 128 taluks. The area covered by crops during the kharif season of 2006 was 66.90 lakh hectares, less than the annual target of 74.02 lakh hectares. The anticipated foodgrain production was 97.9 lakh tonnes as against the target of 114.56 lakh tonnes, the survey said.

The survey said that the State had achieved a fair growth rate during the past three years, consistent with its continued development policies and programmes. Value addition in the manufacturing sector in 2006-07 grew by 10.7 per cent compared to 6.9 per cent in 2005-06.

The manufacturing industry accounted for 63 per cent of the secondary sector. The share of the industrial sector in the State's income remained at the same level of 16 per cent in 2006-07 as in 2005-06.

The tertiary sector was expected to grow from Rs. 73,375 crore in 2005-06 to Rs. 80,100 crore in 2006-07, the survey said.

The State had continued its unassailable lead in the Information Technology sector. It had exported software worth Rs. 17,130 crore by November 2006.