The Indian economy grew by 8.5 per cent and 7.5 per cent in 2003-04 and 2004-05 respectively. As per the revised estimates released by the Central Statistical Organisation, the economic growth is estimated at 8.4 per cent in 2005-06.
The overall growth of GDP during the first quarter (April-June) of 2006-07 was 8.9 per cent as compared to 8.5 per cent during Q1 in 2005-2006. At disaggregated level the growth was 3.4 per cent in Agriculture, 9.7 per cent in Industry and 10.6 per cent in Services.
The annual rate of inflation based on Wholesale Price Index (WPI) stood at 5.16 per cent for week ended September 30, 2006 compared with 4.61 per cent a year ago.
Commodity price for Cotton A Index, measured under unit, c/kg for quarterly average for the year Jul-Sep 2005 is 120.4, Oct-Dec 2005 is 126.1, Jan-Mar 2006 is 129, Apr-Jun 2006 is 121.8, Jul-Sept 2006 is 128.4, and Sept 2006 is 131, respectively.
Commodity price for Wool, measured under unit, c/kg for quarterly average for the year Jul-Sep 2005 is 576.5, Oct-Dec 2005 is 575, Jan-Mar 2006 is 555, Apr-Jun 2006 is 555, Jul-Sept 2006 is 555.3, and Sept 2006 is 556, respectively.