Highlights of Economic Survey 2013
1) WPI inflation may decline to 6.2-6.6 pct by March
2) Fiscal deficit predicted at 5.1% of GDP for FY 2013
3) Tax mop-up to be lower than estimates
4) FY 2014 GDP to grow between 6.1% to 6.7%
5) FII inflows needed to sustain rupee
6) Recent reforms to yield faster growth, price stability
7) IIP Growth maybe sluggish
8) Higher agri output to help reduce inflation
9) Macro economic conditions could allow reduction in interest rates
10) Lower inflation to help cut interest rates
11) Monetary policy has limited influence on food prices
12) Further steps needed to diversify software exports
13) Mixed signals that industrial growth has bottomed out
14) FY 2013 Current Account Deficit seen at 4.3 for 2013
15) Industrial growth likely to improve in FY14
16) Concerned over Food Security Bill pushing up deficit
17) Need to raise diesel, LPG prices to reduce deficit
18) Focus should be on import curbs on gold and oil
19) Overall global economic environment remains fragile
20) Oil Subsidy key to fiscal risk
21) Growth downturn more or less over
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