ECONOMIC SURVEY 2009-10

Food inflation is at present hovering close to 18%
Direct food subsidy via food coupons to households
Survey favours making available food in open market
Survey favours monthly ration coupons usable anywhere for poor
Fiscal deficit may be cut to 5.5%
Gas output up 52.8 per cent to 50.2 billion cubic meters with RIL starting production
Trade gap narrowed to USD 76.24 bn in April-December
India 10th largest gold holding nation at 557.7 tonnes
Large decline in customs, excise expected
Tighten FRBM clauses for future relaxations
Overall revenue transfers to state at 39.5%
Services sector growth rate at 8.7%
Virtually every second Indian has access to phone
Fundamental policy changes needed for trade
Wants credit available at reasonable rates on time for private sector to invest in agriculture
Small shortfall in revenue recept in FY10
Overall farm GDP decline of 0.2% in FY10
Investment growth still below GDP growth rate
India not immune to global prices
Auction for 3G spectrum to provide existing and foreign players to bring in new technology and innovations
India world’s 2nd largest wireless network with 525.1 million mobile users
Slowdown in infrastructure that began in 2007, arrested
Government initiates steps to boost private investment in agriculture
Credit needed for private investment in agriculture
Imports in April-December 2009 down 23.6 per cent
Exports in April-December 2009 down 20.3 per cent
Gross fiscal deficit pegged at 6.5 pc of GDP in 2009-10
Favours making available food in open market
Hype on Kharif crop failure helped hoarding
Poor rainfall stopped prices falling
Delay in releasing imported sugar pushed up prices
Farm and allied sector production falls 0.2 per cent in 2009-10
Rising food inflation a major concern
Growth in private investments
Growth has to quicken
Watch and withdraw stimulus
Risks of double dip recession seen
Economy likely to grow up to 8.75%
Inflation may spread, warns survey
V-shaped recovery seen
Economic recovery weak
India’s GDP growth rate in 2009-10 was 7.2%
India’s GDP to return 9% in 2011-12
High double digit food inflation in 2009-10
Possible spurt in global commodity
India can become world’s fastest growing economy in 4 years
Hike in fuel prices will impact inflation
Pranab tables economic survey in Parliament
The fiscal deficit for the current fiscal year is expected to shoot up to 6.8% of GDP
The economic survey is expected to project around 7.5% growth rate for the current fiscal year
Finance Minister Pranab Mukherjee to table the Economic Survey in Parliament today