state of economy

The year 2007 is significant as the Eleventh Plan starts this year after completion of an eventful 10th plan. The country's economic fundamentals are now not only resilient to successfully negotiate emerging challenges but also strong enough to post higher rates of growth. The current balance sheet of the economy reveals that, in respect of fiscal consolidation and prudence, we are on course. Monetary policy is geared to validate the growth impetus manifest in all sectors of the economy while containing the pressures on the inflation front. With a buoyant investment climate, comfortable forex reserves and a benign current account deficit, the country marches successfully on the road of growth and development. With the revival of growth in agriculture, and continued buoyancy of the industry and services sectors, the vision for India should be to realize the potential of double-digit growth through policies that promote inclusive growth.