In this article
Complete Economic Survey for the Financial Year 2015-16
The Finance Ministry of India presents the Economic Survey in the parliament every year, just before the Union Budget.
This document reviews the developments in the Indian economy over the previous 12 months, summarizes the performance on major development programmes, and highlights the policy initiatives of the government and the prospects of the economy in the short to medium term. This document is presented to both houses of Parliament during the Budget Session. The document would be useful for policymakers, economists, policy analysts, business practitioners, government agencies, students, researchers, the media, and all those interested in the development in the Indian economy. It is having two volumes: first part being ideal denoting how an economy should be and second part is mostly portraying actual situation.
This year on 26th February, Union Finance Minister Arun Jaitley presented the economic survey in Parliament ahead of his third union budget. The Economic survey 2015-16 has projected real GDP growth for 2016-17 to be in the 7-7.75 per cent range. The Central Statistics Office has estimated growth to be 7.6 per cent for the current fiscal year, lower than the 8.1-8.5 per cent projected in the last Survey.
With detailed statistical data covering all aspects of the economy—macro as well as sectoral—the report provides an overview of the following issues:
- Economic Outlook, Prospects, and Policy Challenges
- Fiscal Framework
- ‘Wiping Every Tear From Every Eye’ : The JAM Number Trinity Solution
- The Investment Climate: Stalled Projects, Debt Overhang and The Equity Puzzle
- Credit, Structure and Double Financial Repression: A Diagnosis of the Banking Sector
- Putting Public Investment on Track: The Rail Route to Higher Growth
- What to Make in India? Manufacturing or Services?
- A National Market for Agricultural Commodities – Some Issues and Way Forward
- From Carbon Subsidy to Carbon Tax: India’s Green Actions
- The Fourteenth Finance Commission (FFC) – Implications for Fiscal Federalism in India?
- State of the economy and Public Finance
- Monetary management and financial intermediation
- External sector and Service sector
- Prices, agriculture and food management
- Industrial, corporate and infrastructure performance
- Climate change and sustainable development
- Social infrastructure, employment and human development