Highlights of Economic Survey 2010 - 11, economy to grow at 8.6 percent

NEW DELHI - Union Finance Minister Pranab Mukherjee on Friday presented the economic survey in the Parliament.

The highlights of the economic survey 2010-11 are as follows

Economy expected to grow at 8.6 per cent in 2010-11 and nine per cent in next fiscal

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

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

Agriculture likely to grow at 5.4 per cent in 2010-11

Industrial output grows by 8.6 per cent, manufacturing sector registers 9.1 per cent

Exports in April-December 2010 up by 29.5 per cent

Imports in April - December 2010 up by 19 per cent

Trade gap narrowed to 82.01 bn dollars in April-December 2010

59 per cent rise in Net Bank Credit

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

9.7 per cent 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 297.3 bn dollars

Gross Fiscal Deficit stands at 4.8 per cent of GDP down from 6.3 per cent last year. (ANI)