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Highlights of Economic Survey 2010 - 11

Posted on 25 February 2011,    
  Share    3510  Report

Following are the highlights of Economic Survey 2010 11:

 

  • »   Economy expected to grow at 8.6% in 2010-11 and 9 per cent in next fiscal
  •  
  • »   Growth broad based with rebound in Agriculture, continued momentum in manufacturing and private services
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  • »   Fundamentals strong with Savings & Investments up, exports rising rapidly and inflation falling
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  • »   Agriculture likely to grow at 5.4% in 2010-11;
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  • »   Industrial output grows by 8.6% ; manufacturing sector registers 9.1%
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  • »   Exports in April-December 2010 up by 29.5 %
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  • »   Imports in April December 2010 up by 19%
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  • »   Trade gap narrowed to US $ 82.01 bn in April-December 2010
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  • »   59% rise in Net Bank Credit
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  • »   Social programme spending stepped up by 5 percentage points of GDP over past 5 years
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  • »   9.7% growth of GDP at market prices
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  • »   Inflation expected to be 1.5 per cent 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.


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