Economic Survey projects 6.5-7 per cent inflation for March

Highlights of the Economic Survey 2011-12 tabled in parliament by Finance Minister Pranab Mukherjee on Thursday:

Finance Minister Pranab Mukherjee

Highlights of the Economic Survey 2011-12 tabled in parliament by Finance Minister Pranab Mukherjee on Thursday:

GDP growth estimated to be 6.9 per cent in 2011-12
Outlook for growth and stability is promising with real GDP growth expected to pick up to 7.6 per cent in 2012-13 and 8.6 per cent in 2013-14
Farm sector growth pegged at 2.5 per cent for 2011-12
Services sector to grow at 9.4 per cent
Services sector share in GDP to go up to 59 per cent in the fiscal ending March 31
Industrial growth pegged at 4-5 per cent, expected to improve as economic recovery resumes
Inflation on WPI was high but showed clear slow down by the year-end. This is likely to spur investment activities leading to positive impact on growth
WPI food inflation dropped from 20.2 per cent in February 2010 to 1.6 per cent in January 2012
Calibrated steps initiated to rein-in inflation on top priority
India remains among the fastest growing economies of the world
Fiscal consolidation on track - savings and capital formation expected to rise
Exports grew by 40.5 per cent in the first half of this fiscal and imports grew by 30.4 per cent
Foreign trade performance to remain a key driver of growth
Forex reserves enhanced - covering nearly the entire external debt stock
Central spending on social services goes up to 18.5 per cent this fiscal from 13.4 per cent in 2006-07

Published on: Mar 15, 2012, 12:26 PM IST