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KPMG's inputs on Economic Survey

The survey also deals with moderating food inflation through common market for agricultural commodities, decentralized procurement for PDS and review of fertilizer subsidy.

July 09, 2014 3:00 IST | India Infoline News Service
“This year’s Economic Survey for the first time covers FRBM Act and the need for a framework to target CPI inflation -  clearly indicate fiscal consolidation and inflation control are the two key objectives for the new government. The survey also deals with moderating food inflation through common market for agricultural commodities, decentralized procurement for PDS and review of fertilizer subsidy. We can expect tom’s budget to have a detailed roadmap on these areas. Survey also expects FY 15 GDP growth of 5.4-5.9%, however, a downside risk exists if monsoon is below normal.”

Kuntal Sur, Partner, Financial Risk Management, KPMG in India

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