Annual Economic Report 2009 - 2010
The Indian economy is expected to grow at 8.75-9.25% in financial
year 2012 according to the Economic Survey for the year 2011-12
announced on Friday.
Robust growth and steady fiscal consolidation have been the hallmark
of the Indian economy in the year 2010-11 so far. The growth rate has
been 8.6% in 2010-11 and is expected to be around 9% in the next fiscal
year.
The growth has been broad-based with a rebound in the agriculture
sector which is expected to grow around 5.4%. Manufacturing and services
sector have registered impressive gains. Savings and investment are
looking up while exports are rising. However, food inflation, higher
commodity prices and volatility in global commodity markets have been a
cause of concern underscoring the need of fiscal consolidation and
stronger reserves.
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