Economic Survey for 2015-16 to be tabled in Parliament today

New Delhi: The Economic Survey for 2015-16 will be tabled in Parliament on Friday by Finance Minister Arun Jaitley.

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.

The survey, a flagship annual document of the Ministry of Finance, reviews the developments in the economy over the previous 12 months, which summarises the performance on major development programmes, and highlights the policy initiatives of the government and the prospects of the economy in the short to medium term.

Following the recommendations of a Parliamentary Standing Committee, the Finance Ministry has decided to go green and print lesser number of copies of the survey and budget. The documents will be made available online.

Indian economy is expected to record a five-year high growth rate of 7.6 percent in 2015-16 on improved performance in manufacturing and farm sectors.

According the central statistics office (CSO), the gross domestic product (GDP) or economic growth is estimated at 7.3 percent in October-December quarter of this fiscal. CSO has also revised upwards the GDP growth estimates for April-June and July-September quarters to 7.6 percent and 7.7 percent from earlier calculation of 7 percent and 7.4 percent, respectively.

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Source:zeenews

Finance Minister Of India