The Hindu Business Line : 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.

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