Economic Survey hightlights
The Economic Survey for 2012-13 projects a rosier picture of India's economy than what the situation on the ground appears to suggest. While it agrees with the CSO estimate that the GDP growth for the current fiscal fiscal is likely to be below 7%, it is more optimistic about the government's commitment to fiscal consolidation. The survey was released a short while after the Reserve Bank of India warned of rising oil prices and fiscal slippages.
Following are the highlights of Economic Survey 2011-12 :
* Rate of growth estimated to be 6.9%. Outlook for growth and stability is promising with real GDP growth expected to pick up to 7.6% in 2012-13 and 8.6% in 2013-14.
* Sustainable development and climate change concerns on high priority.
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