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
- » 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 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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