Highlights of Economic Survey 2007-08

Finance Minister P Chidambaram presents the Economic Survey in Parliament today. Economic Survey is a report card on the economy showing performance during this fiscal as well as Government policies in the year ahead.

Highlights on Economic Survey

Find below major highlights on Economic Survey for 2007-08:

Economic survey tabled in parliament

Inflation to be at 4.1% this fiscal year, lower than 5.6% last year.

Maintaining 9% growth rate of economy will be challenging : Economic Survey

Target of 3% Fiscal deficit for the fiscal year 2007-2008 will be met.

Fiscal deficit should be reduced to below 3% in coming years.

Zero Revenue deficit targeted for next year.

Rise in unemployment by 1%.

Investment climate in India is full of optimism: Economic Survey 2007- 2008.

Proposal to allow private companies in coal mining.

26% FDI in insurance proposed.

51% FDI in rural health insurance.

Proposal of 100% FDI in rural agri-banks.

Proposal of 100% FDI in luxury chains.

5% to 10% disinvestment suggested for non-Navaratna companies

100% FDI proposed in home appliances

100% FDI proposed in chains of luxury brands

Some FDI in Retail Trade should be allowed: Economic Survey 2007- 2008.

New bankruptcy law to be formulated.

Non-inflationary growth need not be ensured: Finance Minister.

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.

Highlights on Economic Survey 2007-08

Highlights on Economic Survey