HIGHLIGHTS OF ECONOMIC SURVEY 2009-2010

Economic survey is ordinarily presented on the eve of the general budget and in the official circles it is considered
as “microanalysis” of each and every sector of government. In a way it can also be treated as an audited account of
all that was done by the government in the year gone by and the programmes that it intended to do in the coming
fiscal year.

•Economy likely to grow by up to 8.75% in 2010-11. • Trade gap narrowed to USD 76.24
• Broad recovery gives scope for gradual stimulus roll back. bn in April-Dec 2009
•High double digit food inflation in 2009-10 major concern. •32.5% savings & 34.9% investment
•Sign of food inflation spreading to other sector. (of GDP in 2008-09) put India in
•Farms and allied sector production falls 0.2% in 2009-10. league of fastest growing nations.
•Need serious policy initiative for 4% agriculture growth. •Govt. initiative steps to boost private
•Moots direct food subsidy via food coupons to households’. investment in agriculture.
•Favors making available food in open market •Domestic oil production to rise 11% in 09-10
•Favors monthly ration coupons usable anywhere for poor. •Slowdown in infrastructure that began in
•Gross fiscal deficit pegged at 6.5 pc of GDP on 2009-10. 07, arrested
•India 10th largest gold holding nation at 557.7 tones •Gas output up 52.8% to 50.2 billion cubic
•Export in April –Dec 2009 down 20.3% meter with RIL starting production
•Import in April –Dec 2009 down 23.6% •India world’s 2nd largest wireless network
•Auction for 3G spectrum to provide existing &foreign with 525.1million mobile user
players to bring in new technology & innovations •Virtually every second Indian has access to
phone.

YAKSHIKA
2nd Sem (MBA- PM)