HIGHLIGHTS - ECONOMIC SURVEY 2004-2005

• Economy poised to achieve 6.9 per cent growth
• Inflation down to 5 per cent
• Growth upswing despite hardening in global oil/steel prices/Tsunami
• Agriculture and allied sector looking up despite deficient rainfall
• Shortfall in Khariff to be offset by good Rabi crop
• Buffer stock position comfortable/decline in food grains may not affect
• Non-foodgrain agriculture to grow by over 1 per cent
• Share of agriculture in GDP down by 3.5 per cent since 2001-02
• Industrial production to be up by 8.4 per cent
• Electricity generation to rise by 6.5 per cent
• Exports to increase by 23.1 per cent/Imports by 32.1 per cent
• Services sector records 8.9 per cent growth
• Foreign Exchange Reserves to cross 130 billion dollars
• Exports to double to 150 billion dollars in 2008-09
• 30 per cent increase in agriculture credit, flow to double in 3 years
• Significant decline in non performing assets of Banks
• Marginal increase in deposit rates/interest on housing loans firm up
• Revenue deficit sought to be lowered to 2.5 per cent of GDP
• Budget estimates in Central finances to improve in the last quarter
• Consolidated fiscal deficit of Centre/States to fall by 7.9 % of GDP
• IPO grew 5 times to Rs.35859 crore in 2004
• Significant improvement in savings and investment observed
• Improvement seen in poverty and employment ratio
• Major programmes to achieve NCMP targets
• Priority to agriculture, manufacturing and finance
• Policy on Public-private participation in infrastructure soon
• FDI to play pivotal role in the economy
• Tapping Buoyancy in investments/exports to further economic growth