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Highlights of Economic Survey 2014-15

New Delhi: Following are the highlights of Economic Survey 2014-15 presented by Finance Minister Arun Jaitley in Parliament today: GDP growth seen at 8.1-8.5 per cent in 2015-16 Double digit growth trajectory; 8-10 pc GDP in coming

PTI [ Updated: February 28, 2015 10:47 IST ]
highlights of economic survey 2014 15
highlights of economic survey 2014 15

New Delhi: Following are the highlights of Economic Survey 2014-15 presented by Finance Minister Arun Jaitley in Parliament today:

  • GDP growth seen at 8.1-8.5 per cent in 2015-16
  • Double digit growth trajectory; 8-10 pc GDP in coming yrs
  • Inflation shows declining trend during April-December
  • CAD to decline to about 1 pc in 2015-16
  • To adhere to fiscal deficit target of 4.1 pc of GDP; to aim for 3 pc
  • Committed to fiscal consolidation; to enhance revenue generation
  • More reforms on anvil; GST, expanding direct benefit transfers to be game-changers.
  • Foodgrains production for 2014-15 estimated at 257.07 million tonnes; will exceed last 5-yr average by 8.5 MT
  • NITI Aayog, 14th Fin Comm to enhance fiscal federalism
  • External Sector returning to strength, resilience
  • Need balance between ‘Make in India' and ‘Skilling India'
  • Services sector negotiations at WTO crucial for India in removing many market access barriers
  • Revitalise PPP model to revive investment
  • Manufacturing and services equally important for growth

 

 

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