The Economic Survey, , was tabled in Parliament on Feb. "India's services sector remains the major driver of economic growth The two-volume Survey can be accessed as a single PDF [ MB] through the. Read economic survey (Hindi) book reviews & author details and Following are the highlights of the survey: FISCAL DEFICIT * India must meet its of percent of GDP in /15 * Govt should ensure expenditure control to. National Portal of India is a Mission Mode Project under the National E- Governance Plan, designed and developed by National Informatics.
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Download Economic Survey – (PDF) India can balance the short-term imperative of boosting public investment to revitalize growth. A flagship annual document of the Ministry of Finance, Government of India, Economic Survey –15 reviews the developments in the Indian economy over. The Government of India Press, Minto Road and Mayapuri undertook the printing of the English and Hindi versions of the survey. urbanupgrading/ waterandsanitation/resources/pdf-files/WaterTariffpdf).
Expenditure control, and expenditure switchingfrom consumption to investment,will be key. Several indicators suggest that gender inequality is persistent and high. Draw in resources from the rest of the economy to spread the fruits of growth. This is roughly how much it would cost to raise the expenditure of every household to the level of a 35th percentile household well above the The survey prepared by the finance ministry's chief economic adviser Arvind Subramanian on the state of Indian economy was released ahead of Saturday's Union Budget announcement for fiscal year that begins on April 1.
Notwithstanding the new estimates, the balance of evidence suggests that India is a recovering, but not yet a surging, economy. It ranks well above the mean for its investment grade category BBB , and also above the mean for the investment category above it on the basis of the new growth estimates. The introduction of the GST and expanding direct benefit transfers can be game-changers.
Going forward inflation is likely to remain in the Using the new estimate for as the base, GDP growth at constant market prices is expected to accelerate to between 8. Private investment must be the engine of long-run growth. However,there is a case for reviving targeted public investment as an engine of growth in the short run to complement and crowd-in private investment. Expenditure control, and expenditure switchingfrom consumption to investment,will be key.
A likely surfeit, rather than scarcity, of foreign capital will complicate exchange rate management. Reconciling the benefits of these flows with their impact on exports and the current account remains an important challenge going forward. The external trading environment is less benign in two ways: Several indicators suggest that gender inequality is persistent and high.
In the short run, the renewed emphasis on family planning targets,backed by misaligned incentives, is undermining the health and reproductive autonomy of women. Fiscal Framework.
This will provide the fiscal space to insure against future shocks and also to move closer to the fiscal performance of its emerging market peers. At the same time, the quality of expenditure needs to be shifted from consumption, by reducing subsidies, towardsinvestment.
If recent trends in state-level fiscal management continue, the fiscal position at the consolidated level will be on a sustainable path. Subsidies and the JAM Number Trinity Solution The debate is not about whether but how best to provide support to the poor and vulnerable.
The government subsidises a wide variety of goods and services with the aim of making them affordable for the poor, including: The direct fiscal cost of these select subsidies is roughly Rs.
This is roughly how much it would cost to raise the expenditure of every household to the level of a 35th percentile household well above the Are these subsidies effectively targeted at the poor? Users can read the whole report chapter-wise. Option for download the report in pdf format is also available. Get detailed information on the Goods and Services Tax.
It had a modest beginning and its growth is closely related with the development of the Customs and Central Excise Department. Details such as revenue, capital, total grant amount of money, etc are available.
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