Resources

Highlights of Economic Survey 2011-12

A worker sits on a metal wire roll at a factory in Jammu. The Economic Survey 2011-12 pegged Industrial growth at 4-5 percent, expected to improve as economic recovery resumes. File photo

A worker sits on a metal wire roll at a factory in Jammu. The Economic Survey 2011-12 pegged Industrial growth at 4-5 percent, expected to improve as economic recovery resumes. File photo   | Photo Credit: Channi Anand

Following are the highlights of Economic Survey 2011-12, as detailed in the website of the Press Information Bureau:

Click >here for infographics based on the Economic Survey 2011-12

1. Rate of growth estimated to be 6.9%. Outlook for growth and stability is promising with real GDP growth expected to pick up to 7.6% in 2012-13 and 8.6% in 2013-14.

2. Agriculture and Services sectors continue to perform well. 2.5 % growth in Agro sector forecast. Services sector grows by 9.4 %, its share in GDP goes up to 59%.

3. Industrial growth pegged at 4-5 percent, expected to improve as economic recovery resumes.

4. Inflation on WPI was high but showed clear slow down by the year-end; this is likely to spur investment activities leading to positive impact on growth.

5. WPI food inflation dropped from 20.2% in February 2010 to 1.6% in January 2012; calibrated steps initiated to rein-in inflation on top priority.

6. India remains among the fastest growing economies of the world. Country’s sovereign credit rating rose by a substantial 2.98 percent in 2007-12.

7. Fiscal consolidation on track - savings & capital formation expected to rise.

8. Exports grew @ 40.5% in the first half of this fiscal and imports grew by 30.4%. Foreign trade performance to remain a key driver of growth. Forex reserves enhanced - covering nearly the entire external debt stock.

9. Central spending on social services goes up to 18.5% this fiscal from 13.4% in 2006-07.

10. MNREGA coverage increases to 5.49 crore households in 2010-11.

11. Sustainable development and climate change concerns on high priority.

Why you should pay for quality journalism - Click to know more

null
Related Topics
Recommended for you
This article is closed for comments.
Please Email the Editor

Printable version | Feb 24, 2020 6:05:18 AM | https://www.thehindu.com/news/resources/Highlights-of-Economic-Survey-2011-12/article13077231.ece

Next Story