About Us     Contact Us     Feedback     Link To Us     Maps Of India CD     Map Solutions     RSS Feeds
Business
mapsofindia.com
Home
Software Industry
Investment Industry
Banking Industry
Insurance Industry
Automobile Industry
Cement Industry
Metal Industry
Pharmaceutical Industry
Sugar Industry
Commercial Vehicles
Jute Industry
Dairy Industry
Fertilizer Industry
Petrochemical Industry
Paper and Pulp Industry
Home>> Highlights of Economic Survey 2008-09

Highlights on Economic Survey of India 2008-09



The Economic Survey of India 2008-09 released by the Government of India:


  • Economic growth decelerates to 6.7 per cent in 2008-09 compared to 9 per cent in 2007-08 and 9.7 per cent in 2006-07.

  • Per capita growth at 4.6 per cent.

  • Deceleration in growth spread across all sectors except mining and quarrying; agriculture growth falls from 4.9 per cent in 2007-08 to 1.6 per cent 2008-09.

  • Manufacturing grows at 2.4 per cent, slowdown attributed to fall in exports and a decline in domestic demand.

  • Global financial meltdown and economic recession in developed economics major factors in India’s economic slowdown.

  • Investment remains relatively buoyant, ratio of fixed investment to GDP increased to 32.2 per cent in 2008-09 compared to 31.6 per cent in 2007-08.

  • Fiscal deficit to GDP ratio stands at 6.2 per cent.

  • Credit growth declines in the later part of 2008-09 reflecting slowdown of the economy in general and the industrial sector in particular.

  • Increased plan expenditure, reduction in indirect taxes, sector specific measures for textile, housing, infrastructure through stimulus packages provides support to the real economy.

  • Merchandise export grows at a modest 3.6 per cent in US Dollar terms while overall import growth pegged at 14.4 per cent.

  • A large domestic market, resilient banking system and a policy of gradual liberalisation of capital account to help early mitigation of the adverse effect of global financial crisis and recession. 

  • Sharp dip in the growth of private consumption a major concern at this stage.

  • Medium to long-term capital flows likely to be lower as long as the de-leveraging process continues in the US economy.

  • Revisiting the agenda of pending economic reforms imperative to renew the growth momentum.

    More on Economic Survey

     GDP growth will slow down to 8.7% for 2007-08.

     Economic Survey for 2007-08: Major Highlights    on Fiscal     Deficit.

     Economic Survey Report (2007 – 2008): Focus on FDI.

     Economic Survey Report 2007-2008: Inflation.

     Economic Survey Report 2007-2008: Exports.



  • India Inflation Rate
    Surfing Agreement |  Advertise with Us  |   Suggest a Map  |   Disclaimer  |   Privacy Policy  |   Terms & Copyright
    http://mapxl.com/
    Mapxl.com is a   business division   of Compare   Infobase Limited
    Compare Infobase Limited Compare Infobase Limited
    C-62, Community Center, Janakpuri,
    New Delhi-58 (India)
    Tel: +91-11- 25542045, 41588013, 41588014
    Hotline Nos. : +91-11- 41574999, 41574888, 41574890
    You may contact between 08.00 to 20.00 hours IST
    Fax: + 91-11-25547264
    Mobile: +91(0) 9910492371
    solutions@mapsofindia.com
    We accept
    online payments through :

    ICICI
    Master Card Visa