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HIGHLIGHTS OF THE ECONOMIC SURVEY

BS Reporter  |  Mumbai 


Economic survey pegs inflation at 6.5-7% by March

Growth rate seen picking up from Q2FY13

FY14 growth pegged at 8.6%.

FY13 growth pegged at 7.6%

FY12 industrial growth pegged at 4-5%

Pegs FY12 farm growth at 2.5%

FY12 services sector growth pegged at 9.4%

Exports grew by 40.5%, imports by 30.4% in H1FY12

Rupee depreciated by 12.4% on monthly basis

Signs of economic activity having bottomed out

Need direct transfer of subsidy for food and kerosene

Farm sector output seems bright in the next fiscal

|Need to discourage unproductive imports like gold

Need to shift foreign flows towards FDI

Need to examine linkages between policy rates and growth

High policy rates of RBI have impacted growth in short term

Need new FRBM act to factor in develpoment in current fiscal

Need to build forex reserves when capital inflows are strong

RBI to cut rate further as inflation eases

Attention needs to be given to asset bubbles in realty, markets

Current account gap of over 3% is a sign of growing imbalance

Iran tension may hit oil supply, raise prices

Growth slowdown partly die to domestic factors

Need to regularly import farm commodities as per need

Favours FDI in multi brand retail.

Need regular adjustment in domestic oil prices.

High crude Oil prices, a key risk to growth

Govt proposes to make cash transfer to poor easier through AADHAR scheme.

Need to keep vigial for low inflation and high growth.

Govt expects gradual upswing in Indian economy, Inflation showing clear signs of moderating

Real estate growth seen hit if interest rates remain high

Need more agressive stands to control rupee volatility

Suggests rapid fiscal consolidation

Slippage likely in FY12 fiscal deficit.

Fiscal consolidation to help control inflation

Land acquisition issues are vital

State's fiscal situation seen on track.

Fiscal consolidation on track.

Industrial growth seen improving.

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First Published: Thu, March 15 2012. 12:20 IST
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