Financial Daily from THE HINDU group of publications
Wednesday, February 26, 2003

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  • Economic growth 5.6 per cent for 2001-02, higher than projected.
  • Industry, Services lift GDP growth.
  • Inflation drops to 3 per cent level.
  • For-ex reserves 74 billion dollar, up by 20 billion in ten months.
  • BoP record surplus.
  • Easy liquidity/cash reserve ratio drops below 5 per cent.
  • Consolidated fiscal deficit 10 per cent of GDP.
  • Gross domestic savings up.
  • Steel and cement record striking recoveries.
  • Automobile exports register 68% increase.
  • Software exports post 50 per cent growth/Hardware also up.
  • Gem and jewellery exports up by 29 per cent after a decline.
  • Telecom sector growth up by 17 per cent
  • Ten thousand rural roads constructed.
  • Ten States fully covered by rural electrification
  • Recent discoveries shot-in-the-arm for oil and gas sector.
  • 24 million tonne more refining capacity being added.
  • Lower foodgrains production.
  • Economic methods of irrigation recommended.
  • Change needed in existing procurement methods
  • Agriculture Produce Marketing Committee Act being amended.
  • New Pricing Policy for urea units.
  • Fiscal consolidation/Revenue enhancement/Expenditure containment, need of the hour.


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