Economic Survey: Industrial growth seen at 4-5% in FY12, may rebound in FY13

The Economic Survey 2011-12 tabled in the Lok Sabha here today by the Finance Minister, Pranab Mukherjee has projected the industrial-sector growth during the current financial year to be between 4-5%. At this rate, says 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.

The Survey has said that the challenge for the sector in the short term would be to shore up of business sentiments, spur investment in productive activities and identify bottlenecks that can be removed in a reasonably short period of time. With the easing of headline inflation, moderation in commodities prices in the international market, and revival of manufacturing performance in recent months in the major economies, India