Search:



The Web

Rediff








 Latest Business news on mobile: sms BIZ to 7333

Home > Business > Budget 2006 - 2007 > Report


Highlights of Economic Survey 2005-06

February 27, 2006 12:35 IST
Last Updated: February 27, 2006 13:20 IST


Following are the highlights of Economic Survey 2005-06 tabled in Parliament on Monday.

  • Economic growth projected at 8.1 per cent in 2005-06.
  • Agriculture growth at 2.3 per cent.
  • Foodgrains output up by 5 million tonnes to 209.
  • Inflation rate projected at 5% in current fiscal.
  • In medium-term, inflation likely to fall.
  • Interest rates may harden.
  • Savings rate up at 29.1 per cent of GDP.
  • Investment rate up at 31 per cent of GDP.
  • Industrial growth at 7.8 per cent (April-December).
  • Fiscal and revenue deficit targets to be met.
  • Tele-density increases to 11.32 per cent.
  • Current account deficit surfaces after a gap of 3 years.
  • Trade deficit increases.
  • Bold policy reforms in oil sector required.
  • Policy required for speedy development of infrastructure.
  • Indian industry needs to be unburdened from high taxes.
  • Forex reserve down by $2 billion to $139.2 billion (till Jan'06).

Economic Survey 2005-06: Coverage



Complete Coverage: Budget 2006 - 2007

7333: The Latest News on Your Mobile!

© Copyright 2006 PTI. All rights reserved. Republication or redistribution of PTI content, including by framing or similar means, is expressly prohibited without the prior written consent.




Article Tools
Email this article
Top emailed links
Print this article
Contact the editors
Discuss this article








Copyright © 2006 Rediff.com India Limited. All Rights Reserved.