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Economic Survey Highlights - 3
Highlights
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.
Economic Survey Highlights - 3
* 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
* 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
* 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
* Growth rate of over eight percent expected in 2015-16
* Double-digit economic growth trajectory now a possibility
* Political mandate for reform and benign external environment
* Scope for big bang reforms .
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