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
