The survey warned that high food prices would rise further over next few months and it has held the food management policies responsible for the high prices of items like sugar. Food inflation is at present hovering close to 18 per cent. The Economic Survey 2009-10 recommended a "gradual rollback" of stimulus measures after carefully assessing its impact on each sector.
Projecting the economic growth to touch up to 8.75 per cent in 2010-11 and nine per cent in the next year, the Survey said: "It is entirely possible for India to move into the rarefied domain of double digit growth and even attempt to don the mantle" of the fastest growing economy in the world within the next four years.
It, however, expressed concern over rising prices, saying that a major concern during 2009-10 was the emergence of high double digit food inflation.
