Economic Survey of India 2011

The Economic survey of India 2011 tells that the Indian economy in the year 2010-11 has showed a healthy growth and a stable fiscal consolidation.

Economic Survey of India 2011

The global financial crisis of 2007-09 had initially caused a sluggish growth. But a remarkable emergence in the Indian Economy has been observed even after the slowdown, happened due to the crisis.

The estimated growth of 8.6% has been witnessed (as per CSO report, 7 February 2011). The growth has been strong in the agricultural sector and in the manufacturing sector. Inflation on the other hand seems to be high but it has come down distinctly from the initial position i.e. the start of the fiscal year.

There were a few challenges faced during the survey – economic governance, efficiency of subsidies and infrastructure. There are policies which are made in order to tackle such problems.

Highlights of the survey

There has been a growth of 9.7% of the GDP (at market price) in the investments and savings and the private consumption as witnessed by the survey. The rise in the savings rate and the rate of investment was up to 33.7% and 36.5% respectively in the year 2009-10.

Economic survey of India

The Finance Ministry of India presents the Economic Survey in the parliament every year, just before the Union Budget. It is the ministry's view on the annual economic development of the country. A flagship annual document of the Ministry of Finance, Government of India, Economic Survey reviews the developments in the Indian economy over the previous 12 months, summarizes the performance on major development programs, and highlights the policy initiatives of the government and the prospects of the economy in the short to medium term. This document is presented to both houses of Parliament during the Budget Session.The Economic survey of India 2014-15 said India could target foreign exchange reserves of $750 billion-$1 trillion.

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