Bangladesh National Budget 2011-12
Mr. Speaker Sir,
I rise to present the Budget Estimates for the year 2011-12.
2. The Budget presents an overview of Government’s activities and achievements
during the current year, analyses our present position, and outlines the
growth strategy for future development and for meeting the aspirations of
the people of the State.
National Economy
3. The Union Finance Minister, in the midst of global economic uncertainties
and challenges, presented a balanced budget addressing the key issues
of inflation and growth of the Indian economy. The economic growth in
2010-11 has attained its pre-crisis momentum and needs to be sustained
by making suitable adjustments in the composition of growth on demand
and supply side. I had mentioned last year that we can look forward to the
resumption of a high growth path that will make the country economically
strong. The Indian economy has recovered rapidly and succeeded in
addressing the key areas of concern thereby achieving remarkable growth.
The Economic Survey 2010-11 has estimated that the Gross Domestic
Product (GDP) of India has grown at 8.6 %, agriculture at 5.4 %, industry
at 8.1 % and services at 9.6 %. All three sectors are significantly contributing
to the consolidation of the country’s economic growth. Exports have grown
by 29.4 %, while imports have recorded a growth of 17.6 % during April to
January 2010-11 over the corresponding period last year.
4. In 2011-12, the Indian economy is expected to grow at about 9 % taking
into account the global economic developments, expectations of investors,
entrepreneurs and the consumers. The fiscal deficit is estimated at 4.6 %
of GDP.
5. The Union Finance Minister in his budget speech has spelt out some
initiatives for boosting development in the North Eastern Region and Special
Category States. The allocation for Special Assistance has been almost
doubled to ` 8,000 crore for 2011-12, out of which, ` 5,400 crore has
