The Prime Minister’s Economic Advisory Council has projected economy to grow by 6.7 per cent during 2012-13 compared with 6.5 per cent in 2011-12.
It said that agriculture is estimated to grow by 0.5 per cent against 2.8 per cent. At the same time, industry is estimated to register a growth rate of 5.3 per cent (3.4 per cent in 2011-12). Services is expected to remain at 8.9 per cent.
The PMEAC has suggested increasing the diesel prices and capping the number of subsidised cylinders to four.
At the same time, it has also asked for implementation of FDI in multi-brand retail and a decision on tweeking the norms for FDI in aviation.