Official sources highlighting the performance of economy during 2006-07 said that the per capita income in the year increased to US$ 926 or Rs 56,121.

They attributed the excellent performance of the economy in all the sectors to prudent economic policies initiated by the government and consistency and continuity in the policies.

They said that during the year the services sector grew by 8 percent, Industry 6.8 percent and Agriculture sector by 5 percent.

The investment grew by 21.4 percent or 23 percent of the GDP and Foreign Direct Investment (FDI) posted a growth of 71 percent from US$ 3.5 billion to US$ 6.0 billion in 2006-07.

The sources added that Tax collection increased by 18 percent during July-April 2007 and exports increased by 18.3 percent and imports up by 8.9 percent.

"Worker remittances increased by 22 percent," they remarked.

They said that pro-poor expenditure is up by 6 percent of the GDP and unemployment reduced to 6.2 percent.

They said that GDP in the financial year 2005-06 grew by 6.6 percent while it registered an estimated growth of 7.02 percent in 2006-07 and keeping in the view of the growth in the economy a GDP target of 7.2 percent has been fixed for the year 2007-08.

Similarly the agriculture grew by 1.6 percent during the year 2005-06 while it grew by 5.0 percent in the current financial year 2006-07 and growth target of 4.8 percent has been fixed for the year 2007-08.

The sources added that industry has shown a growth of 5 percent in the year 2005-06 and an estimated growth of 6.8 is expected during the current financial year 2006-07 while a growth target of 9.4 has been fixed for the financial year 2007-08.

They added that large scale Manufacturing (LSM) posted a growth of 10.7 percent and an estimated growth of 8.8 percent is expected in the year 2006-07.