Highlights of the Economic Survey!

The economy is expected to grow at 8.6% in 2010-11  and is expected to be around 9% in the next fiscal year. The growth has been broad-based with a rebound in the agriculture sector which is expected to grow around 5.4. Mentioned below are a few pointers which were spoken about at the Economic Survey:

•    Economy expected to grow at 8.6% in 2010-11 and 9 per cent in next fiscal
•    Growth broad based with rebound in Agriculture, continued momentum in manufacturing and private services
•    Fundamentals strong with Savings & Investments up, exports rising rapidly and inflation falling
•    Agriculture likely to grow at 5.4% in 2010-11;
•    Industrial output grows by 8.6% ; manufacturing sector registers 9.1%
•    Exports in April-December 2010 up by 29.5 %
•    Imports in April - December 2010 up by 19%
•    Trade gap narrowed to US $ 82.01 bn in April-December 2010
•    59% rise in Net Bank Credit
•    Social programme spending stepped up by 5 percentage points of GDP over past 5 year
•    9.7% growth of GDP at market prices
•    Inflation expected to be 1.5 per cent higher than what it would be if we were not on growth turnpike
•    Production of food grains estimated at 232.1 mn tonnes
•    Forex Reserves estimated at US$ 297.3 bn
•    Gross Fiscal Deficit stands at 4.8% of GDP down from 6.3% last year.

Source: http://www.rediff.com/business