A report by country's finance ministry on Friday gave a series of economic forecasts and recommendations, ahead of the annual budget that finance minister Pranab Mukherjee will present on February 28.
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Here are some of the highlights from the report by the finance ministry's chief economic adviser, Kaushik Basu:
On growth:
* 2011/12 GDP growth is expected to be 9%, +/- 0.2%.
* Expects faster GDP growth in the next two years.
* Agriculture likely to grow at 5.4% in 2010/11.
On fiscal deficit:
* Expects 2010/11 gross fiscal deficit at 7.3% of the GDP.
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