Following are the highlights of Economic Survey 2005-06 tabled in Parliament on Monday.
- Economic growth projected at 8.1 per cent in 2005-06.
- Agriculture growth at 2.3 per cent.
- Foodgrains output up by 5 million tonnes to 209.
- Inflation rate projected at 5% in current fiscal.
- In medium-term, inflation likely to fall.
- Interest rates may harden.
- Savings rate up at 29.1 per cent of GDP.
- Investment rate up at 31 per cent of GDP.
- Industrial growth at 7.8 per cent (April-December).
- Fiscal and revenue deficit targets to be met.
- Tele-density increases to 11.32 per cent.
- Current account deficit surfaces after a gap of 3 years.
- Trade deficit increases.
- Bold policy reforms in oil sector required.
- Policy required for speedy development of infrastructure.
- Indian industry needs to be unburdened from high taxes.
- Forex reserve down by $2 billion to $139.2 billion (till Jan'06).
