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

News
Features
Stocks
Port Info
Archives


Subscription

Group Sites

HIGHLIGHTS - ECONOMIC SURVEY 2002- 03



  • 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.

 



Business Line | NUS Index |

In Depth
Simple Economics
Consumer Notes
Tax Talk
The Brahmananda collections
NRIs & Investment Avenues
Corporate Governance
Gold: Still the winner?
Cars: Always a beauty
Books and Reviews

The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription
Group Sites: The Hindu | Business Line | The Sportstar | Frontline | Home |

Copyright c 2003, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line