The Economic Survey 2006-07 reiterated the growth figures of 9.2 per cent in the fiscal year to March 31. As the economy expands at its fastest pace in two years, going by current trends, it will be able to maintain the current momentum, says the report.

The Finance Ministry has said that the economic fundamentals are robust and the outlook for Asia's fourth-largest economy is upbeat.

Highlights

• GDP to grow 9.2 per cent, touch US$ 643.46 billion in 2006-07
• Superfast surcharge levied on second class tickets reduced by 20 per cent.
• 500 kms of new rail lane envisaged.
• Smart rail travel cards to be introduced
• Priorities: Making growth inclusive
• Priorities: Fiscal prudence, high investment
• Priorities: Improving govt intervention in critical
• Areas such as education and health
• Agriculture to grow 2.7 per cent, share in GDP dips to 18.5 per cent
• Industry to grow at 10 per cent, share in GDP up to 26.4 per cent
• Services to grow at 11.2 per cent, share in GDP rises to 55.1 per cent
• 10th plan average GDP growth at 7.6 per cent vs targeted 8 per cent
• Food items, wheat, pulses, sugar driving inflation
• In industry, mining, gas and power issues of concern
• Exports up 36.3 per cent to US$ 89.5 billion in April-December 2006-07
• Capital flows strong, FDI up 98.4 per cent in April-September 2006-07
• FIIs sellers in H-1, but likely to be positive in H-2
• Core sector growth 8.3 per cent vs 5.5 per cent in April-December 2006-07
• Infrastructure to require US$ 320 billion in 11th plan
• Public sector to fund 60 per cent of infrastructure
• Stock markets buoyant, market cap rises to 91 per cent of GDP
• US$ 36.6 billion raised from IPOs in 2006
• Mutual funds raise US$ 23.7 billion, up four-fold
• Tourism earnings cross US$ 6.6 billion in 2006
• Gross domestic savings rate up at 32.4 per cent in 2005-06
• Gross domestic investment rate at 33.8 per cent in 2005-06
• Gross fixed capital formation rises to 28.1 per cent in 2005-06
• Savings of private corporates rise sharply at 8.1 per cent
• High savings rate to continue
• Government final consumption expenditure up 11.5 per cent in FY06
• Employment rate grows to 2.5 per cent in 1999-2005

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