Indian Economic Survey 2011-2012

• GDP growth at 8.6% for the year and forecast 9% for the next year.
• Gross fiscal deficit is 4.8% while deficit 6% without telecom auction.
• RBI keeps policy interest rate unchanged at 8.5%.
• Inflation rate at 9% to 10%, RBI could cut rates in the coming months as inflation eases.
• Cash Reserve Ratio retained at existing level.
• Economic growth in January-March quarter is likely to be better than 6.1% expansion in Q3.
• Agriculture up is 5.4% (0% last year).
• Industry growth is 8%, Industry slow down in November and December.
• Economic Survey maintains 6.9% of growth for 2011-12.
• Economic Survey projects 6.5% to 7% inflation for March.
• Economic Survey 2011-12 projects economic growth of 7.6%, plus or minus o.25% for next financial year.
• Worry - Oil price rise, global slow down, deficit without tele-auction and and bad monsoon.
• Economic Survey 2011-12 favors foreign direct investment in multi-brand retail.
• Cash Reserve Ratio retained at existing level.
• Services sector growth pegged at 9.4%, while farm growth pegged at 2.5%.
• FY12 was difficult year for India and FY13 GDP growth estimate shows a slow revival.
• FY13 growth pegged at 7.6% and FY14 growth pegged at 8.6%.
• Real estate growth seen hit if interest rates remain high and infrastructure finance remains a key concern.
• Fuel product prices still heavily subsidized.
• Global Situation reflecting on India's performance.
• India remains one of the fastest growing economies of the world; Country's sovereign credit rating rose by a substantial 2.98% for 2007-12.

Economic Survey Highlights

 

INDIAN ECONOMIC SURVEY 2011-2012

What is Economic Survey?
The Finance Ministry presents the Economic Survey in the Parliament of India every year, just before the Union Budget. It is the ministry's view on the annual economic development of the country.

When Economic Survey 2011-12 will be presented in Parliament?
The Economic Survey 2011-12 outlining Government's assessment of the economy will be tabled on 15th March 2012.

Expectations & Latest Developments of Latest Economic Survey of India
Chief economic adviser to Government of India, Kaushik Basu is putting every effort to complete the latest Economic Survey, in addition with finalising the Union budget 2012-13.
The most optimistic projection was made by Chief Economic Advisor Mr Kaushik Basu in the Economic Survey 2010-11 tabled in Parliament in February 2011. The Economic Survey had projected a growth rate of 9% (+/- 0.25%) for 2011-12.

Economic Survey 2011-12 Highlights

• As per the Indian Economic Survey 2011-2012 the Indian Economy is expected to grow at 8.75% to 9.25% in the latest financial year 2012.
• The growth rate is expected to be about 9% in the coming fiscal year as it has been 8.6% in 2010-11.
• The growth rate in agriculture sector is expected to be 5.4% this year.
• Manufacturing and Services sectors have also shown robust growth.
• Savings and Investment along with exports are have also registered impressive up.

Union Budget 2012-13
Indian Budget 2012-13	Rail Budget 2012-13	Economic Survey 2011-12
Budget News