ECONOMIC SURVEY 2005-06: Highlights

 Inflation rate projected at 5% in current fiscal

 In medium-term, inflation likely to fall

 Interest rates may harden

 Savings rate up at 29.1% of GDP

 Investment rate up at 31% of GDP

 Industrial growth at 7.8% (April-December)

 Fiscal and revenue deficit targets to be met

 Tele-density increases to 11.32%

 Current account deficit surfaces after a gap of 3 years

 Trade deficit increases

 Bold policy reforms in oil sector required

 Policy required for speedy development of infrastructure

 Indian industry needs to be unburdened from high taxes

 Forex reserve down by $2 bn to $139.2 bn (till January 06)