Review of the Economy 2012-13 - Highlights

, Chairman, Economic Advisory Council to the Prime Minister released the document ‘Review of the Economy 2012-13’ at a Press Conference in New Delhi today. Following are the highlights of the document:

• is projected to grow at 3.5% in 2013-14.

, and decline in net financial savings of households.

% of the GDP) in 2012-13 and is projected to be $213 billion (9.9% of GDP) in 2013-14.

• in 2012-13 as per revised estimates, and is expected to be Rs 542,499 in 2013-14 as per budget estimates.

• (2.6% of GDP) in 2012-13 but, are expected to go down to Rs 231,084 in 2013-14 largely owing to the pruning down of petroleum subsidies which have been the major cause of missing our fiscal deficit targets in the past.

The column for 2012-13 is estimated and that for 2013-14 is projected