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Highlights - Economic Survey 2004-2005
June, 21st 2006

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
 
 
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