Highlights of Mid-Term Review 2007-08

Following are the highlights of the Mid-Year Review of 2007-08 tabled in Parliament.

• High growth sustained in first half of FY'08 at 9.1 pc
• Must manage capital flow without hurting growth, prices
• Must focus on agriculture and employment
• Inflation eases below 4 per cent after 68 weeks
• Percentage of 'Below Poverty Line' people declines to 22%
• 4.7 crore additional jobs created between 1999-2005.
• Holding to growth with macro-economic stability a challenge
• Improving competitiveness of industry, services a challenge
• Must focus on disadvantaged groups not touched by growth
• Consensus must for streamlining food, oil, fertilizer subsidy
• Cost of neutralising capital flow impact Rs 8,200cr in FY08
• Rupee rose 15.1 per cent against the dollar between Oct 2006-07.

Indian economy booms at 9.1% in first-half