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Highlights: Economic Survey 2007-08

Highlights: Economic Survey 2007-08
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First Published: Thu, Feb 28 2008. 12 50 PM IST
Updated: Thu, Feb 28 2008. 12 50 PM IST
* Economic growth in FY 08 pegged at 8.7%, against 9.6% a year ago
* Inflation to decline from 5.6% in FY 07 to 4.4% in 08
* Inflation and infrastructure biggest challenges for growth
* Dearth of skill causing attrition, wage hike; pushing inflation
* Farm growth in FY 08 seen at 2.6%, against 3.8% a year ago
* Foodgrain output seen at 219.3 MT in FY 08 against 217.3 MT in FY 07
* Acceleration in domestic investment, savings drove growth
* Macroeconomic fundamentals continue to inspire confidence
* Industrial growth slower at 9% in first 9 months of FY 08
* Costly rupee, sluggish consumer goods and infra a concern for the economy
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First Published: Thu, Feb 28 2008. 12 50 PM IST