Major highlights of Economic Survey

Finance Minister Arun Jaitley on Friday tabled the Economic Survey for fiscal 2014-2015, making it clear that an overall growth rate of over eight percent can be expected for the following year 2015-16.

The major highlights of the survey that reviews the Indian economy over the past year are as following- A growth rate of over eight per cent expected for the coming year. Inflation shows a declining trend during the year 2014-15 (April-December) Decline in inflation by over six percentage points since late 2013. Double digit growth trajectory is possible now. Price subsidies do not appear to have had a transformative effect on the living standards of the poor. External Sector is returning to the path of strength and resilience. Manufacturing and services sector equally important for growth of economy.

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