Highlights of the Review of Economy, 2011-12

PTI Updated - March 12, 2018 at 12:54 PM.

Following are the highlights of the Review of Economy, 2011-12, released by the Chairman of Economic Advisory Council to the Prime Minister, Dr C. Rangarajan, today:

* Economy to grow by 7.5- 8 per cent in 2012-13

* Growth rate estimated at 7.1 per cent in 2011-12

* Inflation to ease to 5-6 per cent in next fiscal

* Keep vigil on food prices, farm output, exchange rate

* Adjustments of petrol prices needed to cut subsidy

* Fiscal deficit a matter of concern, road map required

* Current account deficit to be 3 per cent of GDP

* Global economic condition to remain under pressure

* Farm sector growth likely to be 3 per cent in 2011-12

* Mining to report negative growth in current fiscal

Published on February 22, 2012 08:46