www.visionias.wordpress.com 1 General Studies Prelim 2011: Current Affairs: Indian Economy Economic Survey 2010 – 11 Highlights of Economic Survey 2010 – 11 Following are the highlights of Economic Survey 2010 – 11: • Economy expected to grow at 8.6% in 2010-11 and 9 per cent in next fiscal • Growth broad based with rebound in Agriculture, continued momentum in manufacturing and private services • Fundamentals strong with Savings & Investments up, exports rising rapidly and inflation falling • Agriculture likely to grow at 5.4% in 2010-11; • Industrial output grows by 8.6% ; manufacturing sector registers 9.1% • Exports in April-December 2010 up by 29.5 % • Imports in April – December 2010 up by 19% • Trade gap narrowed to US $ 82.01 bn in April-December 2010 • 59% rise in Net Bank Credit • Social programme spending stepped up by 5 percentage points of GDP over past 5 years • 9.7% growth of GDP at market prices • Inflation expected to be 1.5 per cent higher than what it would be if we were not on growth turnpike • Production of foodgrains estimated at 232.1 mn tonnes • Forex Reserves estimated at US$ 297.3 bn • Gross Fiscal Deficit stands at 4.8% of GDP down from 6.3% last year. Summary of Economic Survey 2010-11 Robust growth and steady fiscal consolidation have been the hallmark of the Indian economy in the year 2010-11 so far. The growth rate has been 8.6 percent in 2010-11 and is expected to be around 9 percent in the next fiscal year. The growth has been broad based with a rebound in the Agriculture sector which is expected to grow around 5.4 per cent. Manufacturing and Services sector have registered impressive gains. Savings and investment are looking up while exports are rising. However food inflation, higher commodity prices and volatility in global commodity markets have been a cause of concern underscoring the need of fiscal consolidation and stronger reserves. These are some of the high points of the Economic Survey 2010-11, presented by the Finance Minister Shri Pranab Mukherjee in Lok Sabha . VISION IAS ™ www.visionias.wordpress.com www.visionias.cfsites.org www.visioniasonline.com
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General Studies Prelim 2011: Current Affairs: Indian Economy
Economic Survey 2010 – 11
Highlights of Economic Survey 2010 – 11
Following are the highlights of Economic Survey 2010 – 11:
• Economy expected to grow at 8.6% in 2010-11 and 9 per cent in next fiscal
• Growth broad based with rebound in Agriculture, continued momentum in manufacturing and
private services
• Fundamentals strong with Savings & Investments up, exports rising rapidly and inflation falling
Population (million) l 359 434 541 679 839 1019 1122 1138 1154 1170 Birth Rate (per 1000)m
Death Rate (per 1000)m
39.9 41.7 36.9 33.9 29.5 25.4 23.8 23.5 22.8 22.5
27.4 22.8 14.9 12.5 9.8 8.4 7.6 7.4 7.4 7.3 Life Expectancy at Birthn 32.1 41.3 45.6 50.4 58.7 62.5 63.5 na na na
(in Years)
(a) Male
32.5 41.9 46.4 50.9 58.6 61.6 62.6 na na na (b) Female 31.7 40.6 44.7 50 59 63.3 64.2 na na na
Education: Literacy Rateo
(%) 18.3 28.3 34.4 43.6 52.2 64.8 na na na na
(a) Male 27.2 40.4 46 56.4 64.1 75.3 na na na na
(b) Female Health & Family Welfare
Registered Medical Practitioner
(RMP) (Allopathy) (Thousand) on 31st Dec
8.9 15.4 22 29.8 39.3 53.7 na na na na
61.8 83.7 151.1 268.7 393.6 577.1 na na na na
RMP per 10,000 population 1.7 1.9 2.8 3.9 4.7 5.6 na na na na Beds (All Types)p per 10,000
3.2 5.7 6.4 8.3 9.5 na na na na na
PE Provisional Estimates, QE Quick Estimates. na : Not available.
a The Index of Industrial Production has been revised since 1993-94. The indices have been recompiled from April 04 onwards using new series of WPI for the IIP items reported in value terms.
b Relates to the calender year 1950. c New series of WPI has been released from 2004-05 with base 2004-05=100. d CPI-IW: New series is based on 2001=100. e fourth advance estimates. f Including secondary producers.
g Provisional. h Coal output includes Meghalaya Coal from 2005-06 onwards. i Relates to 1951-52. j Revised Estimates only. k As on end-March. l Relate to mid-financial year (as on October 1) based on population figures of C.S.O.
m For calendar year. Figure shown against 1990-91 is for calendar year 1991 and so on. Source : Office of R.G.I. n Data for 1950-51, 1960-61, 1970-71 and 1980-81 relate to the decades 1941-50, 1951-60, 1961-70 and 1971-80 respectively, centred at
midpoints of the decade, i.e., 1946, 1956, 1966 and 1976. The estimates for 1990-91 and 1991-92 refer to the periods 1988-92 and 1989-93
respectively. The estimates for 2006-07 refers to the period 2002-06. o Data for 1950-51, 1960-61, 1970-71, 1980-81, 1990-91 and 2000-01 are as per Census of India 1951, 1961, 1971, 1981, 1991 and 2001. The
figures for 1951, 1961 and 1971 relate to population aged 5 years and above and those for 1981, 1991 and 2001 to population aged 7 years
and above. All India literacy rates exclude Assam for 1981 and J&K for 1991. For 2005-06, data is based on National Family Health Survey
(2005-06) (+ 6 years). p Includes beds in hospitals, dispensaries, P.H.Cs, clinics, sanatoriums, etc.
Note: Data on GDP at factor cost at constant prices and per capita Net National Product at constant prices realates to 1999-2000 prices upto
2000-01. From 2006-07 onwards, data are based on new series (2004-05) prices.
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GROSS DOMESTIC SAVING AND
(As per cent of GDP)
Gross Domestic Saving Gross Fixed Capital Formation
Year House- Private Public Total Public Private Total hold corporate sector (2+3+4) sector sector (6+7)
VI Errors & Omissions 5241 1316 4498 1067 -7271 -1573 -8109 -1750 7. Total Capital (I to VI of 6) 433167 107901 30516 7835 244861 51824 160928 34911 8. Overall Balance (5 + 7) 9. Monetary Movement
SELECTED INDICATORS OF HUMAN DEVELOPMENT FOR MAJOR STATES
Sl. Major State Life expectancya Infant Mortality Rate Birth rate Death rate No. at birth (2002-2006) (per 1000 live births) (2008) (per 1000) (per 1000)
Male Female Total Male Female Total (2008) (2008) 1 2 3 4 5 6 7 8 9 10
Source : Sample Registration System, Office of the Registrar General, India, Ministry of Home Affairs. a Data relating to Bihar, M.P. and U.P. includes Jharkhand, Chattisgarh, and Uttarakhand respectively.