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Indian Economic Survey 2012-13 [10 Key Highlights]

As is the norm, Indian Economic Survey for 2012-13 was tabled in the parliament today, a day prior to release of Union Budget 2013-14. We bring you the key highlights on how Indian economy performed in 2012-13 and what is expected in current financial year.

Indian GDP Growth Rate | Indian Economic Survey 2012 13 [10 Key Highlights]

1) India’s GDP growth at factor cost in 2012-13 was pegged at 5.0 percent, nearly lowest in a decade. Finance, Insurance, Real Estate & business services sector witnessed highest growth rate of 8.6 percent, while mining & quarrying logged least growth rate of 0.4 percent.

India GPD numbers | Indian Economic Survey 2012 13 [10 Key Highlights]

2) India’s GDP (at current market prices) for the first time crossed 100 Trillion Rupees a growth of 11.7 percent over last year.

National Per Capita Income | Indian Economic Survey 2012 13 [10 Key Highlights]

3) Per Capita Income of Indians (factor cost at current prices) grew to Rs. 68,747/- in 2012-13 as compared to Rs. 61,564 in 2011-12.

4) Overall Exports contracted by 4.9 percent (Apr12 – Jan 13) as compared to 21.3 percent growth last year.

5) Imports remaining as is witnessing neither growth or contraction.

Foreign Exchange Reserves | Indian Economic Survey 2012 13 [10 Key Highlights]

6) Foreign Exchange Reserves marginally improved to USD 295.5 billion dollars, however still lower than 2010-11 levels.

Gross Fiscal Deficit | Indian Economic Survey 2012 13 [10 Key Highlights]

7) Gross Fiscal Deficit reduced to 5.1 percent of GDP as compared to 5.7 percent last year. Though Fiscal deficit has come down, they could not meet the target set last year.

8) Current account Deficit increased from 4.0 (as percent of GDP) in 2011-12 to 4.6 in 2012-13

Current Account Balance | Indian Economic Survey 2012 13 [10 Key Highlights]

9) In 2012, at 5 percent, India witnessed 2nd highest growth in select economies. China was highest recording a growth rate of around 8 percent.

Select Countries Growth Rate 001 | Indian Economic Survey 2012 13 [10 Key Highlights]

10) Services Sector contributed to maximum growth of Economy. Nearly 80 percent growth was attributed to Services sector.

service sector contribution | Indian Economic Survey 2012 13 [10 Key Highlights]

Download full Indian Economic Survey Report here [Though it still shows 2011-12 report in title, the documents have been replaced with 2012-13 ones]

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Arun Prabhudesai is founder / chief editor at trak.in. He jumped the Entrepreneurship bandwagon in early 2008 after a long 13 year stint in I.T Industry. You can follow him on twitter @trakin and Facebook. Arun’s Google+ Profile

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