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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


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