An economic survey is one of the flagship annual document of the ministry of finance. It reviews the developments in the economic structure of India over the past 12 months. It encapsulates the performance of major development programmes and also highlights the policy initiatives of the Indian government along with the growth of the economy in the short to medium term prospective.
The first Economic Survey of India was presented in the year 1950-51. It was presented along with the union budget till 1964 after which it was segregated from the union budget. Read More…
A) Macroeconomic fundamentals have dramatically improved in 2014-15
- Inflation has declined by over 6 percentage points since late 2013
- Current Account Deficit down from a peak of 6.7% of GDP (in Q3, 2012-13) to an estimated 1% in 2014-15
- Foreign portfolio flows have stabilized the rupee
- After a nearly 12-quarter phase of deceleration, real GDP has been growing at 7.2% since 2013-14, based on the new growth estimates of the