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Highlights of Economic Survey 2004-2005

* GDP projected at 6.9 per cent
* 7-8 per cent GDP growth projected for 2005-06
* Agri and allied sector to grow at meagre 1.1 per cent
* Inflation pegged at 6.4 per cent
* Forex reserve at $128.91 billion
* Exports growth at 25.6 per cent
* Exports value stands at Rs 2,74,313 crore (Rs 2,743.13 billion)
* Negative growth in foodgrain production at 2.8 per cent
* Imports growth at 32.1 per cent
* Total imports value stand at Rs 3,76,815 crore (Rs 3,768.15 billion)
* Industrial growth soars at 8.4 per cent
* ASEAN, China, Japan and Korea account for 19.9 per cent trade
* EU (19 per cent) and North America (12.9 per cent) at 2nd and 3rd spot
* External debt goes down to 17.8 per cent of GDP
* Liquidity management a concern, overhang at Rs 81,000 crore (Rs 810 billion)
* Food credit grows by 15.2 per cent
* India heading to equitable local/STD rates
* Higher securities investment reflect strong outlook of India
* Advocates duty cuts to ASEAN level
* Bharat Sanchar Nigam, Mahanagar Telecom Nigam's market share take a dip
* FDI policy needs review
* Non-food credit pegged at 20.1 per cent
* Deposit rates of five major banks up by 25 basis points
* Housing loans rate go up
* Prime lending rates lower by 25 to 50 basis points
* Agriculture credit up by 30 per cent
* Gross bank credit marches ahead by 19.9 per cent
* Fiscal deficit at 4.4 per cent of GDP
* Revenue deficit broughtdown to 2.5 per cent of GDP
* States swap high cost Rs 92,444 crore (Rs 924.22 billion) loans with Centre
* Overall public issues grew five times to Rs 35,859 crore (Rs 358.59 billion)
* Tele density grows at 6.6 per cent
* Advocates limited government role in infrastructure
* Gross domestic saving grew by 28.1 per cent
* Gross domestic investment shots by 26.3 per cent
* Auto and auto components sales grew by 20 per cent
* Electronics and IT jumped at 18.2 per cent
* Steel leaped ahead by 4 per cent
* Cement production higher by 6.81 per cent
* Core industries registered lower average of 5.4 per cent
* Railways traffic moved forward at 7.7 per cent
* Cargo handled at sea ports posted 11.1 per cent growth
* Cargo handled at airports zoomed 18.3 per cent
* Air passenger traffic flew at 21.8 per cent
* Human Development index improved to 0.595
* National Food for Work Programme launched in 150 districts
* National Rural Employment Guarantee Bill introduced
* Labour reforms need for increasing exports
* Infrastructural, procedural bottlenecks hitting growth

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