Press Trust of India / New Delhi Feb 22, 2012, 13:43 IST
The Prime Minister's economic advisory panel today projected 7.5 - 8% growth rate for the next fiscal and said the country can achieve a higher economic expansion if the global environment turns favourable.
Following are the highlights of the Review of Economy, 2011-12, released by the Chairman of Economic Advisory Council to the Prime Minister, C Rangarajan, today:
Economy to grow by 7.5 - 8% in 2012-13
Growth rate estimated at 7.1% in 2011-12
Inflation to ease to 5-6% in next fiscal
Keep vigil on food prices, farm output, exchange rate
Adjustments of petrol prices needed to cut subsidy
Fiscal deficit a matter of concern, road map required
Current account deficit to be 3% of GDP
Global economic condition to remain under pressure
Farm sector growth likely to be 3% in 2011-12
Mining to report negative growth in current fiscal
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