Excellent Hair Fall Treatment
Search: Look for:   Last 1 Month   Last 6 Months   All time

Highlights of Economic Survey 2011-12

New Delhi, Thu, 15 Mar 2012 ANI

New Delhi, Mar 15 (ANI): Union Finance Minister Pranab Mukherjee on Thursday presented the Economic Survey for fiscal 2011-12 in Parliament.

 

Following are the highlights of the survey:-

 

Rate of growth estimated to be 6.9 percent. Outlook for growth and stability is promising with real GDP growth expected to pick up to 7.6 percent in 2012-13 and 8.6 percent in 2013-14.

 

Agriculture and Services sectors continue to perform well. 2.5 % growth in Agro sector forecast. Services sector grows by 9.4 percent, its share in GDP goes up to 59 percent.

 

Industrial growth pegged at 4-5 percent, expected to improve as economic recovery resumes.

 

Inflation on WPI was high but showed clear slow down by the year-end; this is likely to spur investment activities leading to positive impact on growth.

 

WPI food inflation dropped from 20.2 percent in February 2010 to 1.6 percent in January 2012; calibrated steps initiated to rein-in inflation on top priority.

 

India remains among the fastest growing economies of the world. Country's sovereign credit rating rose by a substantial 2.98 percent in 2007-12.

 

Fiscal consolidation on track - savings and capital formation expected to rise.

 

Exports grew @ 40.5 percent in the first half of this fiscal and imports grew by 30.4 percent. Foreign trade performance to remain a key driver of growth. Forex reserves enhanced - covering nearly the entire external debt stock.

 

Central spending on social services goes up to 18.5 percent this fiscal from 13.4 percent in 2006-07.

 

MNREGA coverage increases to 5.49 crore households in 2010-11.

 

Sustainable development and climate change concerns on high priority. (ANI)

 


LATEST IMAGES
Haryana CM Manohar Lal congratulate former Deputy PM Lal Krishna Advani on his 92nd birthday
King of Bhutan, the Bhutan Queen and Crown Prince meeting the PM Modi
PM Narendra Modi welcomes the King of Bhutan
PM Modi paying tributes at the portrait of Sardar Vallabhbhai Patel
People take part in the Run For Unity on the Rashtriya Ekta Diwas
Post comments:
Your Name (*) :
Your Email :
Your Phone :
Your Comment (*):
  Reload Image
 
 

Comments:


 

OTHER TOP STORIES


Excellent Hair Fall Treatment
Careers | Privacy Policy | Feedback | About Us | Contact Us | | Latest News
Copyright © 2015 NEWS TRACK India All rights reserved.