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% in 2010-11 and is expected to be around 9% 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%. 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.
The Economic Survey 2010-11 report has been released by the government. The document comprises of 13 Chapters which are listed below.
State of the Economy and Prospects
Micro-Foundations of Macroeconomic Developement
Fiscal Developments and Public Finance
Prices and Monetary Management
Financial Intermediation and Markets
Balance of Payments
Agriculture and Food Management
Energy, Infrastructure and Communications
Human Development, Equity and Environment