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Highlights of Economic Survey 2011-12 .
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....ighlights of Economic Survey 2011-12 . <br>News and Press Release<br>Dated:- 15-3-2012<br><BR>Press Information Bureau Government of India Ministry of Finance 15-March-2012 12:30 IST Highlights of Economic Survey 2011-12 Economic Survey -2011-12 Following are the highlights of Economic Survey 2011-12 : * Rate of growth estimated to be 6.9%. Outlook for growth and stability is promising ....
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....with real GDP growth expected to pick up to 7.6% in 2012-13 and 8.6% in 2013-14. * Agriculture and Services sectors continue to perform well. 2.5 % growth in Agro sector forecast. Services sector grows by 9.4 %, its share in GDP goes up to 59%. * Industrial growth pegged at 4-5 percent, expected to improve as economic recovery resumes. * Inflation on WPI was high but showed clear slow down b....
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....y the year-end; this is likely to spur investment activities leading to positive impact on growth. * WPI food inflation dropped from 20.2% in February 2010 to 1.6% in January 2012; calibrated steps initiated to rein-in inflation on top priority. * India remains among the fastest growing economies of the world. Country's sovereign credit rating rose by a substantial 2.98 percent in 2007-12. ....
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....* Fiscal consolidation on track - savings & capital formation expected to rise. * Exports grew @ 40.5% in the first half of this fiscal and imports grew by 30.4%. Foreign trade performance to remain a key driver of growth. Forex reserves enhanced - covering nearly the entire external debt stock. * Central spending on social services goes up to 18.5% this fiscal from 13.4% in 2006-07. * MNREG....
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....A coverage increases to 5.49 crore households in 2010-11. * Sustainable development and climate change concerns on high priority. DSM/RM/RS-Press Release-1<BR> News - Press release - PIB....