Highlights of Economic Survey 2010-11

Following are the highlights of Economic Survey 2010 ? 11:

? Economy expected to grow at 8.6% in 2010-11 and 9 per cent in next fiscal

? Growth broad based with rebound in Agriculture, continued momentum in

manufacturing and private services

? Fundamentals strong with Savings & Investments up, exports rising rapidly and inflation falling

? Agriculture likely to grow at 5.4% in 2010-11;

? Industrial output grows by 8.6% ; manufacturing sector registers 9.1%

? Exports in April-December 2010 up by 29.5 %

? Imports in April ? December 2010 up by 19%

? Trade gap narrowed to US $ 82.01 bn in April-December 2010

? 59% rise in Net Bank Credit

? Social programme spending stepped up by 5 percentage points of GDP over past 5 years

? 9.7% growth of GDP at market prices

? Inflation expected to be 1.5 per cent higher than what it would be if we were not on growth turnpike

? Production of foodgrains estimated at 232.1 mn tonnes

? Forex Reserves estimated at US$ 297.3 bn

? Gross Fiscal Deficit stands at 4.8% of GDP down from 6.3% last year.