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% in 2009-10 

• Need serious policy initiatives for 4% 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 pc 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 USD 76.24 bn 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. 
  
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