Following are the highlights of Economic Survey 2009-10:
* Economy likely to grow by up to 8.75 per cent in 2010—11
* Full recovery; return to 9 per cent growth in 2011—12
* Broad recovery gives scope for gradual stimulus roll back
* High double—digit food inflation in 2009—10 major concern
* Signs of food inflation spreading to other sectors
* Farm & allied sector production falls 0.2 p.c. in 2009—10
* Need serious policy initiatives for 4 p.c. agriculture growth
* Moots direct food subsidy via food coupons to households
* Favours making available food in open market
* Favours monthly ration coupons usable anywhere for poor
* Gross fiscal deficit pegged at 6.5 p.c. of GDP in 2009-10
* India 10th largest gold holding nation at 557.7 tonnes
* Exports in April-December 2009 down 20.3 per cent
* Imports in April-December 2009 down 23.6 per cent
* Trade gap narrowed to $ 76.24 billion in April-December.
* 32.5% savings & 34.9% investment (of GDP in 2008-09) put India in league of world’s fastest growing nations.
* Govt initiates steps to boost private investment in agriculture
* Wants credit available at reasonable rates on time for private sector to invest in agriculture
* Slowdown in infrastructure that began in 2007, arrested
* Domestic oil production to rise 11 per cent in 2009-10
* Gas output up 52.8 per cent to 50.2 billion cubic meters with RIL starting production * India world’s 2nd largest wireless network with 525.1 million mobile users
* Virtually every second Indian has access to phone
* Auction for 3G spectrum to provide existing and foreign players to bring in new technology and innovations.
