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Showing posts from March 27, 2010

Economic Survey 2009-10

Highlights of Economic Survey 2009-10Finance Minister Pranab Mukherjee on Thursday tabled the Economic Survey 2009-10. Following are the highlights of Economic Survey:
* Economy posted a remarkable recovery expected to grow at 7.2 per cent in 2009-10 against 6.7 per cent in 2008-09.
* Survey hopes the Indian GDP can be expected to grow around 8.5+/- 0.25 per cent, with a full recovery, breaching the 9 per cent mark in 2011-12.
* Manufacturing growth more than doubled to 8.9 per cent in 2009-10 from 3.2 per cent in 2008-09.
* Survey recognizes food inflation as major concern.
* Per capita income increased to 5.3 per cent in 2009-10 from 3.7 per cent in 2008-09.
* Gross Fiscal deficit stands at 6.5 per cent of GDP.
* Liquidity condition remained comfortable during 2009-10.
* Bank credit grows by 13.9 per cent on year-on-year basis. Non-food bank credit recorded an increase of 8.7 per cent on financial year basis till January 15, 2010 as per the latest available data.
* Agricultural…