Forex Reserves: The country's foreign-exchange reserves have touched an all-time high of $45 billion. The days of foreign exchange shortages-think 1991-seem over.

Inflation: Prices continue to remain under control. The monthly average rate of annual wholesale inflation has fallen to below 6 per cent. Consumer prices are rising even more slowly.

Agriculture: The trend of falling agricultural production-witnessed for the past two years-is likely to be reversed by the timely onset of a "normal" monsoon.

Industrial Production: The sharp drop in industrial production-from 6.5 per cent in April 2000 to 2.7 per cent this year-is a cause for worry. Time for the Government to act.