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Highlights of the Review of Economy, 2011-12 February 22, 2012 Following are the highlights of the Review of Economy, 2011-12, released by the Chairman of Economic Advisory Council to the Prime Minister, Dr C. Rangarajan, today: * Economy to grow by 7.5- 8 per cent in 2012-13 * Growth rate estimated at 7.1 per cent in 2011-12 * Inflation to ease to 5-6 per cent in next fiscal * Keep vigil on food prices, farm output, exchange rate * Adjustments of petrol prices needed to cut subsidy * Fiscal deficit a matter of concern, road map required * Current account deficit to be 3 per cent of GDP * Global economic condition to remain under pressure * Farm sector growth likely to be 3 per cent in 2011-12 * Mining to report negative growth in current fiscal [Source: The Hindu Business Line]
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