Competitive Exams: Current Affairs 2011: Economic Survey

Get top class preparation for competitive exams right from your home: get questions, notes, tests, video lectures and more- for all subjects of your exam.

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

Developed by: