According to the Economic Survey which has just been released:
- Fiscal deficit is down to 4.6% as against 5.3% in 2002-03
- Estimated revenue deficit is 3.6% as against 4.4% in 2002-03
- GDP growth is estimated at 8.2%
- The Economic Survey sees SSI reservation a constraint on industrial growth
- The Survey sees rigid labour laws a constraint on industrial growth
- The removal of these constraints can achieve 10% industrial growth.
- Sustained momentum to achieve 7-8% growth for the next 5 years
- Contain annual inflation rate to medium, single-rate level
- Global crude prices could impact inflation
- Boost agricultural growth with focus on agri-processing
- Target at least 10% industry growth to generate employment
- Remove constraints to achieve 10% industrial growth
- Fiscal consolidation by eliminating revenue deficit
- Firm lending rates remain a cause for concern
- Varied corporate lending rates a cause for concern
- India needs to manage impact of global int rates, currency imbalances
