Saturday, 27 February 2016

Economic Survey 2015 - 16 Highlights

  • Pay panel to have little impact on inflation 
  • FY17 economic growth seen 7-7.5% 
  • Need major invest in health, education 
  • 8% growth possible in the next couple of years 
  • India haven of stability amid gloomy global econ 
  • Pay panel to have little impact on inflation 
  • Correlation between India, world growth rate sharply up 
  • Confidence in price stability has improved 
  • Low inflation has taken hold 
  • Budget will have to contend with global econ situation 
  • Short term econ growth depends on global growth, demand 
  • 7th pay panel, good monsoon can up domestic consumption 
  • Tax base should widen to over 20% from 5.5% now 
  • Govt to meet FY16 fiscal deficit target of 3.9% of GDP 
  • FX reserves as on Feb 5 at $351.5 bln 
  • Expect FY16 GDP growth rate in 7.00-7.75% range 
  • FY16 fiscal deficit target seems achievable 
  • FY17 expected to be challenging from fiscal point 
  • FY16 GDP growth seen 7.6% 
  • Trade gap declined Apr-Jan to $106.8 bln vs $119.6 bln 
  • CAD at 1.4% of GDP Apr-Sep

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