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Wed, 27 Feb 2013 16:43:53 GMT | By PTI

Economic Survey 2012-13: Highlights

Following are the highlights of the Economic Survey 2012-13 presented in Parliament today by Finance Minister P Chidambaram:


Economic Survey 2012-13: Highlights (© Reuters)

*Economic growth pegged at 6.1-6.7 per cent in 2013-14

*March 2013 inflation estimated at 6.2-6.6 per cent

*Priority will be to rein in high inflation

*FDI in retail to pave the way for investment in new technology and marketing of agriculture produce

*Survey calls for widening of tax base and prioritising expenditure to bridge fiscal deficit

*Calls for curbing gold imports to contain current account deficit

*Aadhaar-based direct cash transfer scheme can help plug leakages in subsidies

*With subsidies bill increasing, danger of missing fiscal targets is real in FY13

*Survey pitches for hike in prices of diesel and LPG to cut subsidy burden.

*Foreign Exchange reserves remains steady at $295.6 billion at December, 2012-end

*At present, overall energy deficit is about 8.6 per cent and peak shortage of power is about 9 per cent.

*Infrastructure bottlenecks affecting industrial sector performance

*Prospects for world trade as well as of India are still uncertain.

*Pitches for further opening of sectors for FDI

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