V
vardhanvishnug
Guest
Key points that have been suggested by the India Economy Survey 2009.
Economy can grow around 7 percent in 2009/10. This off course, is largely dependent on how the US Economy recovers over next few months. If US economy bottoms out around December, as many analysts are expecting, India can easily look at 7% upwards growth.
The Economy will get back to its growth path of around 9% in medium term.
The government has shown its eagerness for Fiscal consolidation. The Fiscal deficit target is suggested to be set at 3 percent of GDP at the earliest.
Inflation is suggested to be a non-issue moving forward.
The Economic Survey suggested allowing the public to hold greater equity in public sector banks and aligning of voting rights in banks with equity holdings.
Calibrated monetary policy approach is suggested for early return to high growth path.
The Economic Survey has suggested that quality Foreign Direct Investment should be allowed to seek regulatory reforms in higher education.
Will these points influence on the budget? if so to how much extent?
Economy can grow around 7 percent in 2009/10. This off course, is largely dependent on how the US Economy recovers over next few months. If US economy bottoms out around December, as many analysts are expecting, India can easily look at 7% upwards growth.
The Economy will get back to its growth path of around 9% in medium term.
The government has shown its eagerness for Fiscal consolidation. The Fiscal deficit target is suggested to be set at 3 percent of GDP at the earliest.
Inflation is suggested to be a non-issue moving forward.
The Economic Survey suggested allowing the public to hold greater equity in public sector banks and aligning of voting rights in banks with equity holdings.
Calibrated monetary policy approach is suggested for early return to high growth path.
The Economic Survey has suggested that quality Foreign Direct Investment should be allowed to seek regulatory reforms in higher education.
Will these points influence on the budget? if so to how much extent?