The pre-budget Economic Survey for 2012-13 has projected a 6.1-6.7 % growth for the next fiscal after a slowdown to around 5 % this year. The inflation rate is projected to fall slightly to 6.2-6.6 %. The economic slowdown is a reminder for enhancing the pace of actions and reforms, says the Survey authored by Chief Economic Adviser Raghuram Rajan. The report card on the economy, with recommendations for the future, was tabled in Parliament by FM P. Chidambaram a day before the Budget.
The Survey also pushes for fast action after the opening of the retail sector to overseas companies. It also emphasizes that fast farm growth is imperative for employment creation, better incomes and food security.