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Highlights of Economic Survey


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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