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Economic Survey 2003-2004 - Highlights
Steps to be taken to achieve 7-8 per cent GDP growth
Expanding industry fast, by at least 10 per cent
Boosting agricultural growth through diversification
Emphasis on agro-processing to achieve higher agri growth
Effecting fiscal consolidation, eliminating revenue deficit
Maintaining inflation at around five per cent
Foreign exchange reserve at $119.3 bn as of May 31, 2004
Combined fiscal deficit in 2003-04 at 9.4% of GDP
Indications of hardening of interest rates in near future
No disinvestment in profit-making PSUs
FII inflows up by 1635 per cent in 2003-04 over 2002-03
Expresses concern over low teledensity and Internet usage
States get extension to unbundle SEBs
Redesign food security framework
Attract greater investment in infrastructure projects
Design specific micro strategies for export growth
Reformulate policy to tackle poverty
Take steps for attaining 10% industrial growth
Shift focus to corridor management in road construction
States to cut down fiscal deficits
Overhaul tax exemptions; strict penalty to curb evasion
Recommends broad-based agri development programme
Fee hike for higher education
External debt jumps 6.47% to $112.13 bn till 2003
Equity markets return 85% in 2003-04
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