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Economic Survey: Eight percent growth rate can be expected in 2015-16

Other highlights of the survey were decline in inflation and possibility of double digit growth trajectory, among others

ANI  |  New Delhi 

Finance Minister on Friday tabled the 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-
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A growth rate of over eight per cent expected for the coming year.

shows a declining trend during the year 2014-15 (April-December)

Decline in 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.

and services sector equally important for growth of economy.