Highlights of Economic Survey 2010 - 11
25 Feb 2011
- Economy expected to grow at 8.6 per cent in 2010-11 and 9 per cent next fiscal
- Agriculture, manufacturing and private services to lead growth; agriculture to grow 5.4 per cent in 2010-11
- Foodgrain production estimated at 232.1 millin tonnes
- Industrial output grows 8.6 per cent while manufacturing sector grows 9.1 per cent
- Savings and investments up, inflation falling; net bank credit expands 59 per cent
- Growth momentum may push inflation up 1.5 per cent
- Exports rising rapidly (at 29.5 per cent in April-December 2010) againnt import growth of 19 per cent
- Trade gap narrowed to $82.01 billion in April-December 2010
- Spending on social programme raised by 5 percentage points of GDP over the past 5 years
- GDP grows 9.7 per cent at market prices
- Forex reserves estimated at $297.3 billion
- Gross fiscal deficit stands at 4.8 per cent of GDP down from 6.3 per cent last year