Highlights of Economic Survey 2009-10

 Following are the highlights of Economic Survey 2009-10:

* Economy likely to grow by up to 8.75 per cent in 2010-11
 * Full recovery; return to 9 per cent growth in 2011-12
 * Broad recovery gives scope for gradual stimulus roll back
 * High double-digit food inflation in 2009-10 major concern
 * Signs of food inflation spreading to other sectors
 * Farm & allied sector production falls 0.2% in 2009-10
 * Need serious policy initiatives for 4% agriculture growth
 * Moots direct food subsidy via food coupons to households
 * Favours making available food in open mkt
 * Favours monthly ration coupons usable anywhere for poor
 * Gross fiscal deficit pegged at 6.5 pc of GDP in 2009-10
 * India 10th largest gold holding nation at 557.7 tonnes
 * Exports in April-December 2009 down 20.3 per cent
 * Imports in April-December 2009 down 23.6 per cent
 * Trade gap narrowed to USD 76.24 bn in April-December.
 * 32.5% savings & 34.9% investment (of GDP in 2008-09) put India in league of world's fastest growing nations.
 * Govt initiates steps to boost private investment in agri
 * Wants credit available at reasonable rates on time for private sector to invest in agriculture
 * Slowdown in infrastructure that began in 2007, arrested
 * Domestic oil production to rise 11 per cent in 2009-10
 * Gas output up 52.8 per cent to 50.2 billion cubic meters with RIL starting production
 * India world's 2nd largest wireless network with 525.1 million mobile users
 * Virtually every second Indian has access to phone
 * Auction for 3G spectrum to provide existing and foreign players to bring in new technology and innovations.

STILL MORE WILL FOLLOW