The Indian Government's 2102 economic survey has projected the economic growth at about 7.6% in the next fiscal 2012-13, up from 6.9% estimated in 2011-12 on the back of declining inflation and softening interest rate. It expects the economic growth to further improve to 8.6% in 2013-14.
The economic survey suggest that fiscal consolidation is likely to get back on track from 2012-13, when savings and capital formation will also begin to improve.
The survey pegs FY12 farm growth at 2.5% while services sector growth pegged at 9.4%.
Use the following link to check out the Economic Survey 2012 Highlights
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