Industry growth solicited: stakeholders urged to propose infrastructure, R&D and corporate tax measures ahead of budget.
The Finance Minister stressed sustaining industrial growth and revenue mobilisation for public expenditure, citing robust industrial production and exports. He identified inadequate infrastructure development and low R&D spending as key constraints on productivity and competitiveness, urged enhanced private sector participation including PPPs, and requested specific short- and medium-term industry proposals to sustain industrial growth, increase manufactured exports, and address underperforming corporate tax collections for consideration in the General Budget 2011-12.

Balance of payments: widened current account deficit offset by capital inflows, resulting in net reserve accretion on BoP basis.
India's BoP for Q2 and H1 of 2010-11 shows a widened current account deficit caused by a larger merchandise trade deficit and a lower net invisibles surplus, while a stronger capital account-driven by portfolio inflows, short term trade credits and external commercial borrowings amid moderated FDI-more than offset the current account shortfall, producing a positive overall BoP balance and net reserve accretion on a BoP basis, though reserve gains were smaller than the prior year due to the larger current account deficit.