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Economic Survey optimistic on India's growth

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Pranab Mukherjee
New Delhi, Jul 2: The Finance Minister, Pranab Mukherjee tabled the Economic Survey for 2008-09 in the Parliament on Thursday, Jul 2. The survey that touches on every aspect of Indian economy is optimistic on growth and proposes policy changes in areas like FDI.

The survey that suggests that the country can fully open its retail markets to the foreign investors. Making a strong case for the FDI in retail, survey says that can be started off with the food sector. As of now, India allows 51 pc FDI in single brand stores, and 100 pc in wholesale cash and carry model.

Economic Survey 2008-2009, Announced on 2nd July 2009

Speaking on the economic growth, the survey noted that due to the global economic crisis, the Indian economy slowed down by 6.7 per cent in 2008-09. However, on an optimistic note, India's growth potential is seen to be about 7 to 7.5 pc in the coming year.

Apart from this, the survey gives details on the fall in the industrial output and negative export growth. The government has announced three stimulus packages to help the country stay afloat in the times of recession.

The Economic Survey provides the government's assessment of the economy, outlines the problems facing the country and suggests measures for dealing with them.

OneIndia News
Topics: pranab mukherjee, economic survey 2008 09, recession, indian economy, global economic crisis, new delhi
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User Comments
rupinder singh 15 Nov 2009 05:12 pm
indian economy is containing so much poverty. the main reason of the poverty is unemployment. the main reason of the unemployment is unavailability of education. if there is no education then country goes to backward stage. because illitrate person can not get the suitable job. because they don't have proper education. therefore firstly efforts must be taken by the govt. to providing the education to all over the country to every person. but there is necessary that people are aware for getting the education. however just govt. can not do everything. if govt. provides education to the people but people does not get education then people are responsible for this matter. finally, we can say that providing the education is responsibility of govt. but getting the edu. is responsibility of the people. with the good education country can development.
rupinder singh 15 Nov 2009 12:02 pm
indian economy can be a strong economy but if there is high invest ment in india. with the impact of high investment there may be provide the more employment to the people.without proper employment no country can be developed.and the other main thing is education of the part of economy.india must has no corruption. but we see always that in the every area or field is full or corruption. why? and who is responsible for this matter. govt. or people? no riots must be in india but every issue creates any riots. banking has main place in the every economy. we should know that agriculture is main source of the developement of economy because use of agriculture our country has developed as so much. so we nust not ignore it. per capita income in india is very low having every person. it goes to backward to the country. in india prices are rising but earning is falling automatically.because when a person has job of 2000 then prices 1%. he is satisfied from that but when such prices are rsing to 1.5% but he has the income just 2000. this effect creates the poverty in india.
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