Highlights of India’s Economic Survey

February 25th, 2011 - 2:32 pm ICT by IANS  

Pranab Mukherjee New Delhi, Feb 25 (IANS) Following are the highlights of India’s Economic Survey for 2010-11 tabled by Finance Minister Pranab Mukherjee in the Lok Sabha:* Economy predicted to grow by 8.6 percent in current fiscal, could grow by nine percent in the 2011-12

* Growth broadbased, agriculture production rebounds - likely to grow by 5.4 percent this fiscal

* Industrial output grows by 8.6 percent, manufacturing sector rises by 9.1 percent

* Net bank credit grows by 59 percent

* Inflation may remain high, factory output could fall

* Slow rate of capacity edition in physical infrastructure constricting industrial growth

* Capacity edition in core sectors and renewal of bottlenecks would spur industrial sector output in the medium to long term

* Fiscal deficit at 4.8 percent of gross domestic product, down from 6.3 percent last year

* In April-December period, exports grew 29.5 percent, imports rose by 19 percent

* Trade gaps narrowed to $82.01 billion in April-December period

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