Highlights of the Economic Survey (Lead)
February 25th, 2010 - 5:00 pm ICT by IANS
New Delhi, Feb 25 (IANS) Following are the highlights of the annual Economic Survey for the current fiscal tabled by the Finance Minister Pranab Mukherjee in the Lok Sabha Thursday:
- Total water in reservoirs 90.48 billion cubic metres, which is lower than the 10-year average
- Improve food production, productivity and stock management
- Adequate stock of foodgrain to meet requirements under welfare schemes during current fiscal
- Outlook for India’s trade sector in 2010 has brightened
- Bank credit to the commercial sector, shows revival since November 2009
- Proposal to double the target of rural houses to 12 million through the Indira Awaas Yojana in the next five years
- Stimulus package major cause for lower indirect receipts
- Employment increases by 500,000 in July-September quarter compared to first quarter of current fiscal
- Core industries, infrastructure services show recovery signs in the middle of overall industrial growth
- Gross domestic product expected to grow 8.25-8.75 percent in 2009-10
- Economic growth during next fiscal may cross 9 percent
- Government should free grain stocks if food prices rise
- Delay in market release of imported sugar led to high prices
- Calibrate exit strategy from fiscal stimulus
- Centre, states need to begin fiscal consolidation, cap debt levels
- Poverty levels too high for growing nation like India
- Food subsidy should be given to households, instead of routing through public distribution system
- Poor families should be given food coupons to buy at discount from any shop
- Reduce excise duty to boost exports
- Liberalise foreign investment norms in education, healthcare sectors
- Sustaining current levels of domestic petroleum prices not viable
- Expenditure restraint can help contain deficit at budgeted levels
- High inflation due to supply-side bottlenecks
- Growth in telecom to continue with monthly additions exceeding 17.6 million connections
- Share of central government expenditure on social services up by 19.46 percent in current fiscal
- Foreign exchange reserves rise to $31.5 billion in current fiscal to $283.5 billion till end December 2009
- Balance of payment situation improves due to surge in capital flows and rise in foreign exchange reserves, accompanied by rupee appreciation
- Highlights of the Economic Survey - Feb 25, 2010
- Economy to grow by 8.5 per cent in next fiscal: Mukherjee - Feb 25, 2010
- Susidies to be cut soon, says Rangarajan (Lead) - Jun 29, 2012
- India's growth may temper to 7 percent, rate hikes to go on: Deloitte - Sep 01, 2011
- PMEAC lowers 2012-13 GDP forecast to 6.7 percent - Aug 17, 2012
- Pranab lowers 2011-12 growth projection to 7.5 percent - Dec 02, 2011
- Economists divided on impact of rate hikes on India's growth - Sep 20, 2011
- PM's council pushes fiscal order, pegs growth at 7.2 percent (Roundup) - Feb 19, 2010
- GDP to grow at 8 percent this fiscal, inflation high till September: FICCI - May 30, 2011
- Highlights of economic review by prime minister's council - Feb 21, 2011
- Indian economy hit by high inflation, slowing growth (2011 in Retrospect) - Dec 28, 2011
- RBI wants government to deregulate diesel price - Jan 24, 2012
- Economic woes are largely due to domestic factors: FICCI - Jun 04, 2012
- Taking high inflation to be normal is dangerous: RBI - Aug 25, 2011
- China's Purchasing Managers Index rises in January (Lead) - Feb 01, 2012
Tags: adequate stock, core industries, fiscal consolidation, fiscal outlook, fiscal stimulus, food coupons, food subsidy, grain stocks, healthcare sectors, india food, infrastructure services, investment norms, Lok Sabha, petroleum prices, poverty levels, public distribution system, rural houses, stimulus package, welfare schemes, yojana