News Business 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

highlights of economic survey 2014 15

PTI February 28, 2015 10:47 IST

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