Market Commentary

Highlights of India's Economic Survey 2010 - 11



Posted On : 2011-02-25 01:37:36( TIMEZONE : IST )

Highlights of India's Economic Survey 2010 - 11

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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