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Highlights of Economic Survey 2015-16

The government tabled the Economic Survey 2015-16 on Friday.

Policy Pulse
Publish Date: Feb 26 2016 11:48AM | Updated Date: Feb 26 2016 3:20PM

Highlights of Economic Survey 2015-16

Photo: Sunil Saxena

 

The government tabled the Economic Survey 2015-16 on Friday.

 

Key highlights

 

Centre may project FY16 CPI inflation at 4.5-5 percent. It expects current account deficit at 1-1.5 percent.

 

It may ease monetary policy depending on CPI trend.

 

Govt  may review medium term fiscal framework. It may also project FY17 GDP growth at 7-7.75percent.

 

The real GDP grew at grew at 7.2 per cent in first half of fiscal.

 

Forex reserves of over $352 billion as on the first week of December .

 

Foreign Direct Investment (FDI) inflows grew at to $17 billion in the first half of 2015-16.

 

Indian basket of crude oils dips below $40 a barrel .

 

FDI raised in real estate, defence and insurance, foreign equity in railways.

 

Wholesale and retail inflation rates rose in November to (-)1.9 percent and to 5.41 per cent respectively.

 

Govt expects inflation to decline between 4.5 and 5 percent during the 2016-17 fiscal year.

 

In 2014-15 economic survey, the slew of measures initiated by the Government led to "partial revival" of investor interest but was yet to convert into an progress in private sector investments.

 

In same survey, IT and TeS made up as the single largest contributor to India's Services exports. The sector continues to be one of the largest employers in the country.