Competitive Exams: Current Affairs 2011: Economic Survey

Economic Survey 2010 11

Highlights of Economic Survey 2010 11

Following are the highlights of Economic Survey 2010 11:

  • Economy expected to grow at 8.6% in 2010 − 11 and 9 per cent in next fiscal

  • Growth broad based with rebound in Agriculture, continued momentum in manufacturing and private services

  • Fundamentals strong with Savings & Investments up, exports rising rapidly and inflation falling

  • Agriculture likely to grow at 5.4% in 2010 − 11

  • Industrial output grows by 8.6%; manufacturing sector registers 9.1%

  • Exports in April-December 2010 up by 29.5 %

  • Imports in April-December 2010 up by 19%

  • Trade gap narrowed to US $82.01 bn in April-December 2010

  • 59% rise in Net Bank Credit

  • Social programme spending stepped up by 5 percentage points of GDP over past 5 years

  • 9.7% growth of GDP at market prices

  • Inflation expected to be 1.5 per cent higher than what it would be if we were not on growth turnpike

  • Production of foodgrains estimated at 232.1 mn tonnes

  • Forex Reserves estimated at US$297.3 bn

  • Gross Fiscal Deficit stands at 4.8% of GDP down from 6.3% last year.

Courtesy: The Hindu and Times of India