, Chairman, Economic Advisory Council to the Prime Minister released the document ‘Economic Outlook 2013-14’ at a Press Conference in New Delhi today. Following are the highlights of the document:
and crops are expected to be good.
to grow at 2.7% in 2013-14 as against 2.1% in 2012-13. Manufacturing sector projected to grow at 1.5% in 2013-14 as against 1 % in 2012-13.
Structural Factors
depreciation of the rupee may put some upward pressure. On balance, WPI inflation by end March 2014 will be around 5.5 percent as against the average of 7.4% in 2012-13 and 5.7% at end March 2013.
of food items in CPI.
% of the GDP) in 2012-13
3.4% of GDP)
at $22 billion in 2013-14 as against an estimated $31.1 billion in 2012-13.
helped in the process of fiscal consolidation in the states.
Table 1