New Delhi, Feb 20: The Economic Survey 2000-01 will focus on general economic slowdown, poor performance of the manufacturing and agriculture sectors, hardening of inflation rate and growing internal indebtedness.The Survey, to be tabled in Parliament on Friday, will also make a case for increasing investment in the agriculture and manufacturing sectors, in addition to removing bottlenecks for accelerated development of infrastructure network.
On the positive, the Survey will highlight the achievements on the external front. The foreign exchange reserves have continued to grow and the exchange rate has more or less stablised. The exports are expected to register a robust growth of about 20 per cent. The figures reflecting fiscal performance of the central government are not bad, though the poor revenue realisation during the closing months of the current financial year is a matter of concern.
According to sources, the Survey will take note of the fact that economic growth during the year was likely to slide to 6 per cent from 6.4 per cent in the preceding year. The main reasons for slowdown is poor growth in the manufacturing sector and the subdued performance of the agriculture, forestry and fishing.
The output of capital goods and intermediate goods during April-December 2000 decelerated to 3.2 per cent from 7.5 per cent and 4.7 per cent from 9.1 per cent respectively.
Copyright © 2001 Indian Express Newspapers (Bombay) Ltd.