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Economic Survey: All Highlights

NDTV Correspondent, February 25, 2010 (New Delhi)

2010-11 GDP growth expected higher by 1% over 2009-10 GDP growth expected to breach 9% in 2011-12 Fundamentals of indian economy are improving
Focus on fiscal consolidation in medium term 2010-11 GDP growth seen at 8.5% (+/- 0.25%) Economy expected to return to 9% growth in medium term
India’s FY11 growth seen 100 bps higher than fy'10 Medium term prospects of economic growth remain strongIndia could be the fastest growing economy in next 4 years
Signs that food and fuel inflation is spreading to other items Concern of higher than expected inflation in coming months  Rapidly rising food inflation remains a cause for concern
Hype about kharif failure exacerbated WPI expectation Transmission of monetary policy remains sluggish Savings rate expected to rise further Investment and private consumption yet to attain pre-2008 level Core sector has shown turnaround since Q2 FY10