Indian stock markets have given the second highest returns between 2003-04 and April-December of 2011-12 among the prominent Asian bourses over the past eight years, according to the Economic Survey.
Despite the demanding operational environment, the Indian banking sector demonstrated continued revival from the peripheral spill over effects of the recent global financial turmoil.
The Economic Survey 2011-12 presented in the Lok Sabha today, suggests that the Services Sector continues to remain growth engine for Indian Economy.
At this rate, the Survey the annual growth rate will be less than the annual growth rates achieved in the recent past and far below the potential growth rate.
Sarva Shiksha Abhiyan (SSA) norms have been revised to correspond with the provisions of the RTE Act including norms for sanctioning additional teacher posts, classrooms, teaching-learning equipment.
According to Economic Survey 2011-12, compositional shift in food basket of common household has increased demand of some food items.
Wholesale Price Index (WPI) which remained persistently high throughout 2011 due to increasing global commodity prices and high crude prices has started showing signs of moderation and it is expected to touch 6.5-7.0% by March 2012.