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Eco Survey: FY15 GDP growth estimated at 5.4%-5.9%

Moderation in inflation to help ease monetary stance; Inflation has eased, but still above comfort level

July 09, 2014 12:05 IST | India Infoline News Service
Finance Minister Arun Jaitely tabled the Economic Survey in the Parliament.
Below are the highlights of the Economic Survey
  • FY15 GDP growth estimated at 5.4%-5.9%
  • Need to review nutrient-based fertiliser subsidiary
  • Subsidiary reforms essential for fiscal consolidation
  • Moderation in inflation to help ease monetary stance
  • Inflation has eased, but still above comfort level
  • Expect industrial recovery seen in April to continue
  • Capital controls not supporting globalised economy
  • Need new FRBM Act with teeth
  • Eco Can Look Forward To Better Growth Prospects In FY15
  • Raising Tax-GDP Ratio Key To Fiscal Consolidation
  • Plan to add 88,537 MW power capacity over next 5 years
  • To allow private companies to mine coal commercially
  • MNREGA Has Created Labour Shortage & Raised Wages
  • Need to move to market determined prices for fuel products
  • Need to reform subsidies, recommend cash transfers
  • Monetary policy essential for controlling inflation in the long run
  • There Are Concerns Over El Nino Emergence
  • This Year Downside Risk To Eco Due To Geopolitical Tensions
  • Improved Twin Deficit May Lead To Higher But Gradual Growth
  • RBI Stand Intended To Set Eco On Disinflationary Path
  • High Food Inflation On Structural, Seasonal Factors

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