New Delhi, Aug 1 (IANS): Highlights of the Prime Minister's Economic Advisory Council report on India's economy released Monday:

Country's growth pegged at 8.2 percent for 2011-12

 Inflation to ease to 6.5 percent only by the end of this fiscal

Important role for fiscal policy to contain demand pressure

RBI will follow tight monetary policy till inflation shows definite signs of decline

Agriculture to grow at 3 percent as monsoon to remain more-or-less normal

Industry to expand by 7.1 percent, slower than the rate of 7.9 percent last year

Services to grow at a faster rate of 10 percent

Global economic and financial situation unlikely to improve

Important to increase investments if economy is to grow at 9 percent

Investment rate projected to rise to 36.7 percent in 2011-12

Current account deficit projected at $54 billion or 2.7 percent of GDP

Merchandise trade deficit at $154 billion or 7.7 percent of GDP

Foreign direct investment set to rise to $35 billion in current fiscal

Foreign institutional investor inflows to slip to $14 billion, less than half of last year