Economic Survey 2015: Highlights

The Economic Survey, prepared by the finance ministry’s chief economic adviser Arvind Subramanian, was tabled in the Lok Sabha. India’s economic survey pegged growth at more than 8 per cent for the next fiscal and said inflation was now declining, while also setting the agenda for reforms needed to further drive the expansion, prune wasteful expenditure and promote productive investment.
Following are the highlights of the survey:
•Double digit economic growth trajectory now a possibility
•Government will adhere to fiscal deficit target of 4.1% of GDP in 2014-15
•Economic Survey says estimates current account deficit to fall to 1 pct of GDP in coming fiscal year
•Average WPI inflation declines to 3.4% in 2014-15 (April-December) against 6% previous year
•Need to improve productivity in the agricultural sector to ensure food security
•Post Office can be linked with AADHAR based benefits transfer architecture to allow linkage to AADHAR accounts

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