Top Ten highlights of the economic survey 2015

On Feb 27, 2015

Following are the highlights of the survey:

* 2015/16 GDP growth seen at over 8% y/y

* Double digit economic growth trajectory now a possibility

* Government will adhere to fiscal deficit target of 4.1% of GDP in 2014-15

* Average WPI inflation declines to 3.4% in 2014-15 (April-December) against 6% previous year
* Current account deficit to come down to 1 pc of GDP in 2015-16

* Fourteenth finance commission will enhance fiscal federalism in India
* Public investment to be a key growth engine in short run for Railways, but not a substitute for private investment

* Rural penetration of IT services to drive ‘Make in India’ mission

* Post Office can be linked with AADHAR based benefits transfer architecture to allow linkage to AADHAR accounts

* All states stand to gain, in absolute terms, from transfers recommended by 14th Finance Commission