Highlights of Union Budget 2011-12
By ANIMonday, February 28, 2011
NEW DELHI - Union Finance Minister Pranab Minister on Monday presented the Union Budget 2011-12 in the Parliament.
Highlights of Union Budget 2011-12 are as follows:
GDP rises by 8.2 per cent for the December 2010, quarter as against 7.3 per cent in the corresponding period of the previous year
Expect average inflation to be lower next year
Have to ensure more stable macro economic environment
Budget is a transition towards transparent economy
Do not forsee resources being a major constrain in medium-term Total food inflation down from 20.2 per cent last year to 9.3 per cent in Jan; still a matter of concern
Indian economy back to pre-crisis growth trajectory
Government has to reconcile ecological concerns with development aspirations.
Exports have grown at 29.4 per cent
Government is engaging in solving gaps in recent corporate governance
Stronger fiscal consolidation reached
Economy regained pre-crisis growth momentum
Average inflation and current account deficit to be lower and better managed next yearxpect inflation and CAD to be lower in 2011-2012
Economy to grow at 9 per cent, plus or minus 0.25 pct in 2012
GDP in FY11 estimated to have grown at 8.6 per cent in real terms
Overall economic growth expected at 8.6 per cent, agriculture growth at 5.4 per cent, industry at 8.1 per cent and services 9.3 per cent
High current account deficit a cause of concernurrent account deficit and average inflation in 2011-12 likely to be less than current yearublic Debt Management Agency Bill to be introduced next financial year (ANI)
