The highlights of India's Economic Survey 2010 – 11:
- Economy expected to grow at 8.6% in 2010-11 and 9% 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 years
- 9.7% growth of GDP at market prices
- Inflation expected to be 1.5% higher than what it would be if we were not on growth turnpike
- Production of foodgrains 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 : Equity Bulls
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