New Delhi: Finance Minister of India, Arun Jaitley, tabled the Economic Survey in the Parliament on Friday.
A precursor to the Annual Budget which will be presented on Saturday, the economic survey is a flagship annual document of the Ministry of Finance, Government of India, Economic Survey 2015 reviews the developments in the Indian economy over the previous 12 months, summarizes the performance on major development programmes, and highlights the policy initiatives of the government and the prospects of the economy in the short to medium term. This document is presented to both houses of Parliament during the Budget Session.
Here are the key highlights of the Economic Survey of 2015:
1. Industrial Growth went up in 2014-15 after years of decline
(Graphic Courtesy: Ministry of Information and Broadcasting)
2. Foodgrain production for 2014-15 estimated at 257.07 million tonnes; to exceed that of last 5 years by 8.5 million tonnes
(Graphic Courtesy: Ministry of Information and Broadcasting)
3. Decline in inflation by over 6 percentage points since late 2013
(Graphic Courtesy: Ministry of Information and Broadcasting)
4. Growth rate of over 8% expected for 2015-2016
(Graphic Courtesy: Ministry of Information and Broadcasting)
5. Inflation shows a declining trend during the year 2014-15(April-December)
(Graphic Courtesy: Ministry of Information and Broadcasting)
6. Fiscal, revenue & primary deficits show a declining trend
(Graphic Courtesy: Ministry of Information and Broadcasting)
7. Hyper-growth in tech start ups in india and in services sector
(Graphic Courtesy: Ministry of Information and Broadcasting)
8. Rationalisation of subsidies, better targeting of beneficiaries will release funds for public investments in agriculture
(Graphic Courtesy: Ministry of Information and Broadcasting)
9. Post Office can be linked with AADHAR based benefits transfer architecture to allow linkage to AADHAR accounts
(Graphic Courtesy: Ministry of Information and Broadcasting)
10. Growth in 2014-15 largely driven by domestic demand