Photographs: Reuters.
The Economic Survey has projected 6.1 to 6.7 per cent growth rate for the country in 2013-14. The Economic Survey was tabled by Finance Minister P Chidambaram in Parliament on Wednesday.
Highlights of the Economic Survey
Economic growth pegged at 6.1-6.7 pc in 2013-14
March 2013 inflation estimated at 6.2-6.6 pc
Priority will be to rein in high inflation
FDI in retail to pave the way for investment in new technology and marketing of agriculture produce
Survey calls for widening of tax base and prioritizing expenditure to bridge fiscal deficit
Calls for curbing gold imports to contain current account deficit
Aadhaar-based direct cash transfer scheme can help plug leakages in subsidies
With subsidies bill increasing, danger of missing fiscal targets is real in FY13
Survey pitches for hike in prices of diesel and LPG to cut subsidy burden.
Foreign Exchange reserves remains steady at $295.6 billion at December, 2012-end
At present, overall energy deficit is about 8.6 pc and peak shortage of power is about 9 pc.
Infrastructure bottlenecks affecting industrial sector performance
Prospects for world trade as well as of India are still uncertain.
Pitches for further opening of sectors for FDI
article