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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


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-
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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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First Published: Fri, February 27 2015. 13:02 IST