Economic Survey tabled in Parliament; pegs 2016-17 growth between 7-7.75 pc
February 26, 2016  12:19
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The Economic Survey for 2015-16 was tabled in Parliament by Union Finance Minister Arun Jaitley on Friday. 

The Economic Survey is the Finance Ministry's view on the annual economic development of the country that gives a broad idea on the macro-economic data, which will impact the budget decisions. 

Highlights of Economic Survey 2015-16:

* GDP growth rate for 2015-16 to be in the range of 7 % to 7.75 % 

* Amidst gloomy international economic landscape, India stands as a haven of stability

* Low inflation has taken hold and confidence in price stability has improved

* Services continues to be key driver; expected to be 9.2% in 2015-16

* Foreign exchange reserves have risen to US $349.6 (Jan-2016)

* Govt will meet its fiscal deficit target of 3.9 per cent of GDP

* Agriculture sector needs a transformation to ensure sustainable livelihoods for farmers and food security

* Growth in the services sector moderated slightly, but still remains robust.
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