rediff.com

NewsApp (Free)

Read news as it happens
Download NewsApp

Available on  

Rediff News  All News 
Rediff.com  » Business » Highlights of the Economic Survey

Highlights of the Economic Survey

Last updated on: February 27, 2013 14:19 IST

Highlights of the Economic Survey

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

Complete coverage: Union Budget 2013-14
Budget Impact Live!


Photographs: Reuters.
Tags:

© Copyright 2013 PTI. All rights reserved. Republication or redistribution of PTI content, including by framing or similar means, is expressly prohibited without the prior written consent.