Economic survey, India’s economic survey, highlights of Economic Survey, key highlights of Economic survey , Budget 2015,

Here are the highlights of Economic Survey :-

New Delhi, (IANS) Highlights of the Economic Survey for 2014-15 tabled in parliament on Friday by Finance Minister Arun Jaitley:

• * Growth rate of over eight percent expected in 2015-16 
• * Double-digit economic growth trajectory now a possibility 
• * Infrastructure growth of eight core industries higher than industrial growth since 2011-12 
• * Inflation showed declining trend during April-December 2014-15, average WPI inflation declined to 3.4 percent against average of six percent during the previous year, WPI food inflation fell to 4.8 percent after high of 9.4 percent in 2013-14, CPI inflation touched all-time low of 5 percent after remaining high at 9-10 percent for last two years

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• * Government measures to control food inflation and persistent decline in crude prices resulted in declining trend in inflation
• * Foodgrain production in 2014-15 estimated at 257.07 million tonnes; will exceed average foodgrain production of last five years by 8.5 million tonnes 
• * Agriculture and allied sectors contributed 18 percent to GDP 
• * Number of macro level and sectoral initiatives undertaken to improve industrial growth 
• * Political mandate for reform and benign external environment 
• * Scope for big bang reforms 
• * Services sector clocks double digit growth of 10.6 percent
• * External sector returning to path of strength and resilience
• * Major reform initiatives undertaken in banking, insurance and financial sectors
• * National Solar Mission being scaled up five-fold to 100,000 MW 
• * Clean Energy Cess doubled to Rs.100 per tonne to mop up Rs. 17,000 crore 
• * Action-oriented policies to bring rapid development to people while purposefully addressing climate change
  

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• * Reforms recommended of Indian Railways' structure, commercial practices, technology 
• * Greater public investment in railways to boost growth and manufacturing in India
• * Government remains committed to fiscal consolidation, enhanced revenue generation a priority 
• * India needs to create additional fiscal space
• * Male literacy at 80.9 percent, female literacy at 64.6 percent
• * Need for balance between Make in India and Skilling India; skill development and employment are major challenges
• * Food subsidy bill at Rs.1,07,823.75 crore during 2014-15 (upto January), an increase of 20 percent over previous year 
• * Rationalisation of subsidies and better targeting of beneficiaries will release resources for public investment in agriculture
• * Create National Common Market for agricultural commodities
• * Revive public investment to improve investment climate
• * Fourteenth Finance Commission will enhance fiscal federalism 
• * Hyper-growth in tech startups 
• * Rural penetration of IT services to drive Make in India mission 
• * Electronic visa gives fillip to tourism sector

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