Economic survey pegs inflation at 6.

5-7% by March

Growth rate seen picking up from Q2FY13 FY14 growth pegged at 8.6%. FY13 growth pegged at 7.6% FY12 industrial growth pegged at 4-5% Pegs FY12 farm growth at 2.5% FY12 services sector growth pegged at 9.4% Exports grew by 40.5%, imports by 30.4% in H1FY12 Rupee depreciated by 12.4% on monthly basis Signs of economic activity having bottomed out Need direct transfer of subsidy for food and kerosene Farm sector output seems bright in the next fiscal |Need to discourage unproductive imports like gold Need to shift foreign flows towards FDI Need to examine linkages between policy rates and growth High policy rates of RBI have impacted growth in short term Need new FRBM act to factor in develpoment in current fiscal Need to build forex reserves when capital inflows are strong RBI to cut rate further as inflation eases Attention needs to be given to asset bubbles in realty, markets Current account gap of over 3% is a sign of growing imbalance Iran tension may hit oil supply, raise prices Growth slowdown partly die to domestic factors Need to regularly import farm commodities as per need Favours FDI in multi brand retail. Need regular adjustment in domestic oil prices. High crude Oil prices, a key risk to growth Govt proposes to make cash transfer to poor easier through AADHAR scheme. Need to keep vigial for low inflation and high growth.

Govt expects gradual upswing in Indian economy, Inflation showing clear signs of moderating Real estate growth seen hit if interest rates remain high Need more agressive stands to control rupee volatility Suggests rapid fiscal consolidation Slippage likely in FY12 fiscal deficit. Fiscal consolidation to help control inflation Land acquisition issues are vital State's fiscal situation seen on track. Fiscal consolidation on track. Industrial growth seen improvin