Tuesday, February 28, 2006

Highlights of Economic Survey 2005-06

Following are the highlights of Economic Survey 2005-06 tabled in Parliament on Monday (27 feb 2006)

  • Economic growth projected at 8.1 per cent in 2005-06.
  • Agriculture growth at 2.3 per cent.
  • Foodgrains output up by 5 million tonnes to 209.
  • Inflation rate projected at 5% in current fiscal.
  • In medium-term, inflation likely to fall.
  • Interest rates may harden.
  • Savings rate up at 29.1 per cent of GDP.
  • Investment rate up at 31 per cent of GDP.
  • Industrial growth at 7.8 per cent (April-December).
  • Fiscal and revenue deficit targets to be met.
  • Tele-density increases to 11.32 per cent.
  • Current account deficit surfaces after a gap of 3 years.
  • Trade deficit increases.
  • Bold policy reforms in oil sector required.
  • Policy required for speedy development of infrastructure.
  • Indian industry needs to be unburdened from high taxes.
  • Forex reserve down by $2 billion to $139.2 billion (till Jan'06).

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