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Country’s growth pegged at 8.2 percent for 2011-12
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Inflation to ease to 6.5 percent only by the end of this fiscal
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Important role for fiscal policy to contain demand pressure
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RBI will follow tight monetary policy till inflation shows definite signs of decline
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Agriculture to grow at 3 percent as monsoon to remain more-or-less normal
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Industry to expand by 7.1 percent, slower than the rate of 7.9 percent last year
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Services to grow at a faster rate of 10 percent
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Global economic and financial situation unlikely to improve
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Important to increase investments if economy is to grow at 9 percent
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Investment rate projected to rise to 36.7 percent in 2011-12
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Current account deficit projected at $54 billion or 2.7 percent of GDP
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Merchandise trade deficit at $154 billion or 7.7 percent of GDP
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Foreign direct investment set to rise to $35 billion in current fiscal
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Foreign institutional investor inflows to slip to $14 billion, less than half of last year
