Economic survey highlights

Economic survey highlights
Economic survey highlights

Highlights of the pre-budget economic survey tabled in parliament on Wednesday:

* India’s balance-of-payments position improved dramatically in 2013-14 with the current account deficit (CAD) at $32.4 billion (1.7 percent of GDP) as against $88.2 billion (4.7 percent of GDP) in 2012-13

* The annual average exchange rate of the rupee went up from 47.92 per dollar in 2011-12 to Rs.54.41 per dollar in 2012-13 and further to Rs.60.50 per dollar in 2013-14

* India’s foreign exchange reserves increased from $292 billion at end March 2013 to $304.2 billion at end March, 2014

Economic survey highlights