Survey predicts 8.6 percent growth, higher inflation

February 25th, 2011 - 1:51 pm ICT by IANS  

Pranab Mukherjee New Delhi, Feb 25 (IANS) India’s Economic Survey for 2010-11 has predicted a 8.6 percent growth for the current fiscal while sounding concern over inflation and the fall in factory output.Finance Minister Pranab Mukherjee tabled the annual report on the economy in the Lok Sabha Friday. It also warned that there has been no significant capacity expansion in core industries.

“Likewise, slow rate of capacity edition in physical infrastructure sector is constricting industrial sector growth. Capacity edition in core sectors and renewal of bottlenecks would spur industrial sector output in the medium to long term,” it said.

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