Economic Survey 2002-03

Last Update On Thursday, February 28, 2003

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	Economic Survey 2002-03 Number of poor decline by 60 mln in seven years India can manage higher oil import bill Industrial unrest on the decline in India Steel sector notches 4.7% growth rate Railways’ financial position improving More women find gainful employment Centre favours competition in ports sector Power sector reforms essential India lagging behind in tele-density Fiscal deficit revised to 5.5% of GDP for 2002-03 Grain output likely to be lowest in India in 15 years Banks investing heavily in gilts Pro-active policies boost software sector India to be a major exporter of automobiles Centre downplays inflation Centre endorses Kelkar panel’s suggestions LPG subsidy to be phased out in 3-5 years 9.7% growth seen in cement sector in Apr-Dec 2002 Surveillance mechanism for markets to be strengthened Slow reforms to affect export growth Revision in interest rates on small savings schemes favoured Food subsidy leaps 20.3% in 2002-03 Record FDI inflows in 2002 Six-point strategy mooted to boost industrial recovery Disinvestment to miss target in 2002-03 India's growth rate forecast at 4.4% in 2002-03 Economic Survey for 2002-03 presented in Parliament