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Economic highlights of UPA’s second tenure

New Delhi, June 1 (IANS) The following are the economic highlights of the United Progressive Alliance (UPA) government’s second tenure under Prime Minister Manmohan Singh, as spelt out in the 68-page ‘Report to the People’ released here Tuesday:

– Clear signs of recovery, upturn in growth rate

– Foreign investment inflows robust

– New draft unveiled to replace 60-year-old income tax act

– India now third largest steel producer

– Record capacity created for electricity generation

– New thrust to spruce road and highway infrastructure

– Prices have shown moderating trend in recent weeks

– Economic growth of 7.4 percent in 2009-10 one of the best in the world

– Current fiscal economic growth pegged at 8.5 percent

– Food security bill draft will be soon out in public domain

– Will increase outlay on schemes benefitting people from scheduled caste, and other vulnerable classes

– Working on a low carbon growth strategy

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