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February 27, 2015

Economic Survey 2014-15 Highlights

112 comments

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Ahead of the Union Budget tomorrow (28th February 2015), the Finance Minister Arun Jaitley today (27th February 2015) tabled the Economic Survey 2014-2015 in Lok Sabha, which outlines the broad direction of the Budget and the economic performance of the country. This survey, prepared by the finance ministry's chief economic adviser Arvind Subramanian, forecasts Indian economy is likely to grow above 8 percent in 2015-16. The Survey further said that economic growth for the financial year 2015-16 is likely to remain between 8.1 and 8.5 percent.

Key Points to Remember
  • Growth rate of over 8% expected for 2015-2016
  • Fiscal deficit of 4.1 pc achievable
  • Inflation rate pegged at 5 to 5.5 pc
Below are the highlights of the survey.

Highlights of Economic Survey 2014-15

  • Fiscal Deficit
    • India must meet its medium-term fiscal deficit target of 3 per cent of GDP
    • Government will adhere to fiscal deficit target of 4.1 per cent of GDP in 2014/15
    • Govt should ensure expenditure control to reduce fiscal deficit
  • Growth
    • 2015/16 GDP growth seen at over 8 pct y/y 
    • Double digit economic growth trajectory now a possibility 
    • Economic growth at market prices seen between 8.1 - 8.5 per cent in 2015/16 on basis on new GDP calculation formula
  • Current Account Deficit
    • Estimated to fall 1 pct of GDP in coming fiscal year
  • Inflation
    • Inflation shows declining trend in 2014/15
    • Inflation likely to be below central bank target by 0.5 - 1 per centage point
    • Lower inflation opens up space for more monetary policy easing
    • Govt and central bank need to conclude monetary framework pact to consolidate gains in inflation control
    • CPI inflation in 2015/16 is likely to range between 5 - 5.5 per cent
  • Reforms
    • There is scope for big bang reforms now 
    • India can increase public investments and still hit its borrowing targets
  • Fiscal Consolidation
    • Govt remains committed to fiscal consolidation 
    • India can balance short-term imperative of boosting public investment to revitalize growth with fiscal discipline
    • Outlook for external financing is correspondingly favorable
  • Subsidies
    • Overhauling of subsidy regime would pave the way for expenditure rationalization
  • IT & ITeS Sector
    • IT and ITeS sector including Business Process Management (BPM), continues to be one of the largest employers in the country
    • Software products and services revenues for 2015-16 is projected to grow at 12-14 per cent.
    • Government's "Make in India" mission has included IT and BPM among the 25 focus sectors
  • Tourism
    • Increase in growth on both foreign tourist arrivals at 7.1 per cent and foreign exchange earnings at 6.6 per cent in the year 2014.
    • Easing of the Indian tourism visa regime through the expansion of Tourist Visa on Arrival enabled by Electronic Travel Authorization (ETA) will give a fillip to foreign tourist arrivals in the country.
  • Trade & Repair Services Sector
    • Migration from traditional stores to modern retail continues, though the latter still accounts for only 8 per cent of the total market.
  • E-Commerce Market
    • Government proposes to include sufficient provisions for consumer safeguards in the ongoing amendments to the Consumer Protection Act, 1986.
  • Media & Entertainment Industry
    • With 100 per cent FDI permitted in the Film Sector, India is emerging as the new favorite of international studios.
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112 comments:

  1. safe score for tamilnadu ? cut off 104

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  2. πŸ‘πŸ‘

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  3. Thanks team. Is this important in exams ? Should i memorize all these things ?

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  4. will the marks be out 2mro??

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  5. marks for which exam?

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  6. Could help for NABARD AM

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  7. Hey optimus prime where are you

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  8. Hey hi shreenedhe, how are you

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  9. yep..good..thank u...you??

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  10. Then interview will be awesome

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  11. guys when the score will be declared for ibps clerk iv?.. and safe score for tamilnadu?..any guesssss.....

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  12. Above 130. Nalaiku varalam

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  13. Idea illa.. Romba bayama irukku

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  14. Varalam nu than sonen. Not sure

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  15. ha ha ya i too join the club...

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  16. Late lam panala. Last week than interview mudinjadhu. May be tomorrow r Monday

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  17. mmm...k k....pakalam

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  18. plz tell me the websites you used for GA as i'm also weak at that section

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  19. Congrats freind

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  20. Hatz off dear frnd....

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  21. Yah i recognized u

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  22. Congratulations......

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  23. Actually i don't knew ur name. N photo is also not clear. R u on fb?

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  24. Surely u have a very gud accuracy.wat do u think wat is cut off?

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  25. Inspirational :)

    Thanks keerthi

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  26. R.s agarwal n m tyra. Practice twice thrice. Those u can't do see solution n try again after sum days. Mark imp ques

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  27. hearty congratulations.. :)so inspirational

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  28. Congratzzzz babes..m proud of u

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  29. congratulations...Keerthi sister....All the Best

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  30. am filled with joy .thanx dear for ur insipiration .great sucess u achieve .and well said rather its IAS or clerk exam. every exam has own importance. i wish an hope i also achieve success like u .waiting for IBPS CLERK SCORES AND INTERVIEW results :-)

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  31. Inspiring thoughts!

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  32. how much did u get for ibps po ?
    what was ur attemps in sbi clerk

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  33. Friends i got 142 in RRB OA tamilnadu (OBC) Any chance for me ll get the job pls reply me.... Am waiting ur valuable Answer....

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  34. all the best for ur future friend

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  35. congratulations

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  36. pls send the pdf or notes files me on my mail....
    malkeetmeet7@gmail.com

    with thanx...... πŸ‘

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  37. Great ... Congratulations

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  38. Seriously hats off. It's so hard to be in race after so many failure. Very much inspired. Dream big. Ull achieve big

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  39. congrats keerthi and thanks a lot for sharing ur success story

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  40. Hi keerthi can u pls share ur uiicl assistant interview experience n tips pls . . . I have my interview on 2nd march in capitol hotel Bangalore . . thumba bhaya agthidhe . naanu be holder . cs stream only . so ur advice wud be of great help . help madi pls .

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  41. Congrats keerthi.....well done for ur consistent efforts....hard work and consistent efforts always pays....so keep up this momentum ..all d best 😊

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  42. really very inspirational.....

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  43. 29894 Officer Post to be filled this year in 27 PSB's.You can check the link....
    http://164.100.47.132/newdebate/16/4/27022015/11To12am.pdf

    Read Q.65

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  44. Contras....finally u did it..... U won...

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  45. but they qualified only 48k for interview

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  46. Hi everyone! I'm new to this. I HV worked for 1 yr in s/w cmp and in 2014 march I HV joined in SSC cgl coaching n going into every sector FCI,banks, bt I HV qualified in rrb po n clrks with less marks so still not secured any job. Can I HV any valuable suggestion of u people pls?

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  47. it also includes Sbi and it's Associates so if u will exclude their vaccancy the it will come around 24000-25000 for ibps

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  48. See mohanlal only you can predict your own chance... How we can help you to find out about your chance

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  49. Gan?? "ye kaise name hai

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  50. sbi clerk ka call letter ayega na????? after final list...

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  51. Ha aayega, chinta mat kar

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  52. Dream with your eyes open

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  53. Congrats keerthi.

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  54. hi plz tell me the what you used other websites for GA as i'm also weak at that section

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  55. Plzzz share uiic assistant intrvw exprnc

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  56. superb......
    hw did u clear SSC-CGL in your 2nd attempt itself.......
    any coaching?

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  57. Thanx for sharing keerthi !! Many Congratulations 2 U :)

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  58. congratulations

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  59. all officer post. it may include scale 2 , 3 and all other :)

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  60. whats ur attempt ?

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  61. which col bro.............

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  62. Prithish MukhopadhyayFebruary 28, 2015 at 12:09 AM

    yaap..i am in fb, with the same name and pic..btw i am frm ranaghat

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  63. Prithish MukhopadhyayFebruary 28, 2015 at 12:12 AM

    yaa accuracy matters, i dont have any idea about the cut off bro, predict koratao possible na after IBPS POar cut off..

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  64. when ibps qualified score out?

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  65. when ibps clerk qualified marks out?

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  66. Thanq bro all the best

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  67. 1 year course + 1 1/2 salary + 1 year time for join of course and job allotment = 3 1/2 years waste of your precious time wait for clerk and PO results plz don't encourage this type of recruitment after joining clerk 2 years po11

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  68. 1 year course + 1 1/2 salary + 1 year time for join of course and job allotment = 3 1/2 years waste of your precious time wait for clerk and PO results plz don't encourage this type of recruitment after joining clerk 2 years po

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  69. 1 year course + 1 1/2 salary + 1 year time for join of course and job allotment = 3 1/2 years waste of your precious time wait for clerk and PO results plz don't encourage this type of recruitment after joining clerk 2 years po gooooo

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  70. 1 year course + 1 1/2 salary + 1 year time for join of course and job allotment = 3 1/2 years waste of your precious time wait for clerk and PO results plz don't encourage this type of recruitment after joining clerk 2 years po******

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  71. yes 1 year course + 1 1/2 salary + 1 year time for join of course and job allotment = 3 1/2 years waste of your precious time wait for clerk and PO results plz don't encourage this type of recruitment after joining clerk 2 years po

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  72. 1 year course + 1 1/2 salary + 1 year time for join of course and job allotment = 3 1/2 years waste of your precious time wait for clerk and PO results plz don't encourage this type of recruitment after joining clerk 2 years po 0

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  73. 1 year course + 1 1/2 salary + 1 year time for join of course and job allotment = 3 1/2 years waste of your precious time wait for clerk and PO results plz don't encourage this type of recruitment after joining clerk 2 years po-----

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  74. 1 year course + 1 1/2 salary + 1 year time for join of course and job allotment = 3 1/2 years waste of your precious time wait for clerk and PO results plz don't encourage this type of recruitment after joining clerk 2 years po=

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  75. if they possible to get direct po or clerk (2 years chance po) then what is the use they go for this shit procedure ---------- plz note iam not discouraging qualifiesd syndicate po 's they soo talented just my opininon go for ibps clerk or po don't encourage this type of recruitment (ibps what shit making in futur possible clerk also through manipal :P) because all other banks plan to adopt this method every exam 600 challan+ 500 travell expenses( for year for ban aspiraant 27*1100=30000) when qualified again 1000 for interview to control inflation they draining many from us plz save poor guys like me...

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  76. Hi, please some one help me,I'm very poor in quantitative aptitude just few months back I have started preparing for this exam before that I was working for capgemini software company and I had my MBA in 2009 due to some financial problems didn't focus on this exam now I have stopped working. Please suggest me some best books for quantitative and also I'm poor in fundamentals..

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  77. may i know your name..

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  78. Cong vivek and i also cleared but i want to know that u got a cong msg from bank or not?

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  79. Yah i got it on 28. Did u got? And u know anybody who have got d same.

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  80. Yah i got it on 28. Did u got? And u know anybody who have got d same.

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  81. Yes i got it on 28. Feb....did u got? U know anybody who has got the same?

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  82. I got it. Did u? U knw sumbody who have got d same?

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  83. Hi Jk, i have got 88 in PO GEN, even i am blore..


    what are my chances, any idea?

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  84. Any intimation from sbi?

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