Economic Data 2010-2011: A tale of missed targets

Economic Data 2010-2011: A tale of missed targets
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Summary Gross Domestic Product was projected to be 4 percent whereas it remained only 2.4 percent.

The agriculture growth also remained 1.2 percent as against the projected growth of 3.8 percent.Only Rs 165 billion was released for development projects as against promised amount of Rs 290 billion. One sector that posted growth was that of imports which stood at $ 32.65 billion whereas exports remained $ 20.50 billion.The foreign debt reached a staggering amount of $ 55 billion during the last financial yearUnemployment according to the State Bank figures was up by 5.6 percent per capita per day income remained less than Rs 300.Financial deficit during the current years remained 5.1 percent Direct foreign investment remained $1.23 b whereas foreign exchange reserves stood at $17.37 b.

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