ECONOMIC SURVEY 2010-2011
- The Economic Survey to review the economic performance in the current financial year and forecast the economy prospects for the coming year.
- Indian economy to grow by 9 per cent in next fiscal year.
- Gross fiscal deficit decreases to 4.8% of GDP.
- Inflation estimated to be higher by 1.5%.
- India on way to become fastest growing economy in the world.
- Calls for new 'Green Revolution' for agricultural sector with higher investment and introduction of latest technologies.
- Government working on regulations to emphasize on capital market.
- Increase influx of foreign capital by building close association with G-20 countries.
- National Forest Land Bank to improvise the infrastructure projects.
- Estimated economic growth at 8.75-9.25 per cent for fiscal year 2012.
- Estimated agriculture sector growth at 5.4 per cent during this fiscal year.
- Growth of Industrial output by 8.6% where, manufacturing sector registers 9.1%.
- The export stats; 29.5% in 2010 April-December and Import; 19%.
- Trade gap minimizes to $82.01 billion.
- Raised both saving and investment rate to 33.7% & 36.5% of GDP.
- Estimated food grains production at 232.10 million tonnes.
- Fores reserves to reach $297.30 billion.
- Importance given to telecommunication sector.
- Policies supporting accounting, legal, tourism, education, financial and other services.
- Taxation of goods and services to be revised.
- Introduction of Financial Schemes to monitor unemployment.
- Reformation necessary in the current education system by inviting more private participation.
