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    Highlights of Economic Survey 2013

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    Highlights of Economic Survey 2013
    The Economic Survey 2013 was tabled in parliament today. The survey remained optimistic on reduction of inflation and hopes of fiscal deficit being contained to 5.1% of GDP. Here are brief highlight of the Economic Survey.
     

    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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