Economic Survey predicts over 8% growth in 2015-16: Time for big-bang reforms, Just a day ahead of the Union Budget, the NDA-led government today tabled the Economic Survey for 2014-2015 in Parliament which outlines the broad direction of the Budget and the economic performance of the country.
The Survey forecasts a growth rate of over 8% for the financial year 2015-2016 on the basis of the new GDP calculation formula and emphasises that there is scope for big bang reforms as of now.
The growth estimates of over 8 percent for the current year is on expectations that the monsoon will be favourable, as it was forecast to be normal, compared to last year and the survey suggests that in the short run, growth will receive a boost from cumulative impact of reforms, lower oil prices, and likely monetary policy easing.......Read More
The Survey forecasts a growth rate of over 8% for the financial year 2015-2016 on the basis of the new GDP calculation formula and emphasises that there is scope for big bang reforms as of now.
The growth estimates of over 8 percent for the current year is on expectations that the monsoon will be favourable, as it was forecast to be normal, compared to last year and the survey suggests that in the short run, growth will receive a boost from cumulative impact of reforms, lower oil prices, and likely monetary policy easing.......Read More
