indian economic survey 2009 - 10
TRANSCRIPT
-
8/8/2019 Indian Economic Survey 2009 - 10
1/30
1
-
8/8/2019 Indian Economic Survey 2009 - 10
2/30
Presentation on
Economic Survey 2009-10
AKSHATA KNAYAK
PAK 9076
2
-
8/8/2019 Indian Economic Survey 2009 - 10
3/30
Economic SurveyThe Finance Ministry presents
the Economic Survey in theparliament every year, justbefore the Union Budget. It is
the ministry's view on theannual economic developmentof the country.
3
http://en.wikipedia.org/wiki/Union_budget_of_Indiahttp://en.wikipedia.org/wiki/Union_budget_of_India -
8/8/2019 Indian Economic Survey 2009 - 10
4/30
Union Finance Minister Mr. PranabMukherjee has tabled the EconomicSurvey during Budget 2009 session on25 February 2010 in parliament.
4
-
8/8/2019 Indian Economic Survey 2009 - 10
5/30
The Survey witnesses anearly revival in the
economic growth of India.The Survey has also put Rs
25000 cr as disinvestmenttarget.
5
-
8/8/2019 Indian Economic Survey 2009 - 10
6/30
Highlights Of EconomicHighlights Of Economic
SurveySurvey
6
-
8/8/2019 Indian Economic Survey 2009 - 10
7/30
Economic growth decelerates to 6.7% inEconomic growth decelerates to 6.7% in
2008-09 compared to 9 per cent in 2007-2008-09 compared to 9 per cent in 2007-
08 and 9.7% in 2006-07. Economy likely to08 and 9.7% in 2006-07. Economy likely to
grow by up to 8.75% in 2010-11grow by up to 8.75% in 2010-11
Economic growth2006 - 07 9.7
2007 - 08 9
2008 - 09 6.7
2009 - 10 8.757
-
8/8/2019 Indian Economic Survey 2009 - 10
8/30
Full recovery; return to 9% growth inFull recovery; return to 9% growth in2011-122011-12
Gross fiscal deficit pegged at 6.5% oGross fiscal deficit pegged at 6.5% o
GDP in 2009-10GDP in 2009-10 Increase planned expenditureIncrease planned expenditure
8
-
8/8/2019 Indian Economic Survey 2009 - 10
9/30
Investment remains relatively floating,Investment remains relatively floating,
ratio of fixed investment to GDPratio of fixed investment to GDP
increased to 32.2% in 2008-09 comparedincreased to 32.2% in 2008-09 compared
to 31.6% in 2007-08.to 31.6% in 2007-08.
Revisiting the agenda of pendingRevisiting the agenda of pending
economic reforms imperative to reneweconomic reforms imperative to renew
the growth momentum.the growth momentum. 9
-
8/8/2019 Indian Economic Survey 2009 - 10
10/30
High double-digit food inflation in 2009-10 majorHigh double-digit food inflation in 2009-10 major
concernconcern
Signs of food inflation spreading to other sectorsSigns of food inflation spreading to other sectors
Agriculture sector facing challenges on various fronts.Agriculture sector facing challenges on various fronts. Farm & allied sector production falls 0.2% in 2009-10.Farm & allied sector production falls 0.2% in 2009-10.
Need serious policy initiatives for 4% agriculture growthNeed serious policy initiatives for 4% agriculture growth
Govt initiates steps to boost private investment inGovt initiates steps to boost private investment in
agricultureagriculture Wants credit available at reasonable rates on time forWants credit available at reasonable rates on time for
private sector to invest in agricultureprivate sector to invest in agriculture
Favours monthly ration coupons usable anywhere forFavours monthly ration coupons usable anywhere for
foodfood
10
-
8/8/2019 Indian Economic Survey 2009 - 10
11/30
11
-
8/8/2019 Indian Economic Survey 2009 - 10
12/30
12
-
8/8/2019 Indian Economic Survey 2009 - 10
13/30
13
-
8/8/2019 Indian Economic Survey 2009 - 10
14/30
14
-
8/8/2019 Indian Economic Survey 2009 - 10
15/30
15
-
8/8/2019 Indian Economic Survey 2009 - 10
16/30
cccc
16
-
8/8/2019 Indian Economic Survey 2009 - 10
17/30
17
-
8/8/2019 Indian Economic Survey 2009 - 10
18/30
18
-
8/8/2019 Indian Economic Survey 2009 - 10
19/30
19
-
8/8/2019 Indian Economic Survey 2009 - 10
20/30
20
-
8/8/2019 Indian Economic Survey 2009 - 10
21/30
Summary ofSummary of
EconomicEconomicSurvey 2009-10Survey 2009-10
21
-
8/8/2019 Indian Economic Survey 2009 - 10
22/30
22
The Economic Survey says that the economy hasThe Economic Survey says that the economy has
bounced back from the global economic slowdownbounced back from the global economic slowdown
and is on its way to the growth path of 9 per cent.and is on its way to the growth path of 9 per cent.
The Survey says that the economy has respondedThe Survey says that the economy has responded
well to the policy measures undertaken in the wakewell to the policy measures undertaken in the wakeof global financial crisis.of global financial crisis.
The Survey says that the recovery is well foundedThe Survey says that the recovery is well founded
with pick up in merchandise exports, capital flowswith pick up in merchandise exports, capital flowsand non food gross bank creditand non food gross bank credit
-
8/8/2019 Indian Economic Survey 2009 - 10
23/30
The CSO estimates forecast 7.2 %The CSO estimates forecast 7.2 %
growth in GDPgrowth in GDP
The recovery is particularly impressiveThe recovery is particularly impressive
despite a decline of 0.2% in agriculturedespite a decline of 0.2% in agriculture
The Survey says, the broad basedThe Survey says, the broad based
nature of the recovery gives hope thatnature of the recovery gives hope that
the economy will go back to the growththe economy will go back to the growth
path of 9 per cent.path of 9 per cent.
23
Contd.,
-
8/8/2019 Indian Economic Survey 2009 - 10
24/30
The Survey expresses concern over theThe Survey expresses concern over the
emergence of high double-digit food inflationemergence of high double-digit food inflationespecially in the second half.especially in the second half.
This has created some concerns for higher thanThis has created some concerns for higher than
anticipated generalized inflation over the nextanticipated generalized inflation over the nextfew monthsfew months
24
-
8/8/2019 Indian Economic Survey 2009 - 10
25/30
The Survey says that the country received 23The Survey says that the country received 23
per cent less rainfall during the south-westper cent less rainfall during the south-westmonsoon 2009 but some of the shortfall wasmonsoon 2009 but some of the shortfall was
made up during the post monsoon seasonmade up during the post monsoon season
when the country received 8 per cent excesswhen the country received 8 per cent excess
rainfall.rainfall.
Kharif 2009-10 season showed a decline ofKharif 2009-10 season showed a decline of
nearly 6.5 per cent in acreage with the entirenearly 6.5 per cent in acreage with the entire
decline confined to rice crop.decline confined to rice crop.
25
-
8/8/2019 Indian Economic Survey 2009 - 10
26/30
The growth of broad money (M3) has moderated fromThe growth of broad money (M3) has moderated from
around 21 per cent in the beginning of fiscal year to 16.5around 21 per cent in the beginning of fiscal year to 16.5
per cent by mid January 2010 and it has remained belowper cent by mid January 2010 and it has remained belowthe indicated growth projection.the indicated growth projection.
The Survey says that since the outbreak of the globalThe Survey says that since the outbreak of the global
financial crisis in 2008, the RBI has followed anfinancial crisis in 2008, the RBI has followed an
accommodative monetary policy supporting earlyaccommodative monetary policy supporting early
recovery of the growth momentumrecovery of the growth momentum
26
-
8/8/2019 Indian Economic Survey 2009 - 10
27/30
This has also facilitated theThis has also facilitated the
unprecedented borrowing requirement ofunprecedented borrowing requirement of
the Government to fund its fiscal deficit.the Government to fund its fiscal deficit.
The Survey says that the recommendationsThe Survey says that the recommendations
of the Thirteen Finance Commission have toof the Thirteen Finance Commission have to
be taken on board in shaping the fiscalbe taken on board in shaping the fiscal
policy for 2010-11 and in the medium term.policy for 2010-11 and in the medium term.
27
-
8/8/2019 Indian Economic Survey 2009 - 10
28/30
The Survey notes with satisfaction that severalThe Survey notes with satisfaction that several
factors that have emerged from the performancefactors that have emerged from the performanceof the economy in the last 12 months augur wellof the economy in the last 12 months augur well
for the Indian economy.for the Indian economy.
Survey is hopeful that the economy will go backSurvey is hopeful that the economy will go backto 9 per cent growth rate in the medium term.to 9 per cent growth rate in the medium term.
With full recovery the economy can breach theWith full recovery the economy can breach the
9% mark in 2011-12.9% mark in 2011-12.
28
-
8/8/2019 Indian Economic Survey 2009 - 10
29/30
REFERENCEsREFERENCEs
budget.nic.inbudget.nic.in
zeenews.comzeenews.com
india-server.comindia-server.com bete.thehindu.com/business/econombete.thehindu.com/business/econom
yy
www.pwc.com/in/enwww.pwc.com/in/en
29
-
8/8/2019 Indian Economic Survey 2009 - 10
30/30
30