Launching the Survey for 2013-14 at a news conference, Finance Minister
He said the GDP growth rate would be increased one per cent each during the next three years taking it to 7% in 2017.
The Minister said the industrial growth has been recorded at 5.84% as against 1.37% last year.
Large-scale manufacturing recorded growth of 5.135% as against 4.08% last year. He said electricity generation and gas distribution growth last year was minus 16.33% and this year it has grown by 3.72%.
Construction recorded growth of 11.31 per cent this year as against minus 1.685 per cent last year. Wholesale and retail trade increased by 5.181 per cent as against 3.38 per cent last year. Transport and communication recorded growth of 2.89 per cent as against 2.88 per cent last year.
Agriculture sector showed growth of 2.12% as against 2.88% last year. Major crops showed growth of 3.74 percent as compared to 1.19% last year. Wheat production this year is 25.29 million tonnes as compared 24.21 million tonnes last year.
Rice production this year stood at 6.8 million tonnes as against 5.54 million tonnes; sugarcane 66.47 million tonnes as compared to 63.75 million tonnes last year and maize production this year is 4.531 million tonnes as against 4.22 million tonnes last year.
Provisional estimates of cotton production this year are 12.77 million bales as against 13.03 million bales last year. Similarly, grams and oil seeds recorded minus growth of 3.52%. The Minister said inflation in the first eleven months of the current financial year was 8.6% as against 7.5% last year.
Exports in ten months of the outgoing financial year stood at
The Survey says imports in ten months of this financial year stood at
Workers' remittances in ten months of current financial year reached
Foreign exchange reserves presently stood at
Tax revenue as percentage of GDP this year is 7% as against 6.8% last year. Non-tax revenue as percentage of GDP remains at 2.7% while total expenditure as percentage of GDP reduced to 12.9% from 14.8% last year.
Development expenditure this year as percentage of GDP was 2.2% as against 2% last year. Fiscal deficit in first ten months was 3.2% as compared to 4.7% last year. The Finance Minister said
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