at the very Core of it all … is Content!
India needs to create additional fiscal space in order to ensure macro stability and to create buffers for future economic downturns, says the Economic Survey, tabled in Parliament by the Union Finance Minister, Shri Arun Jaitley here today. Medium-Term Strategy The Survey advocates a medium-term fiscal strategy to create this space. The space, it says, …
Economic Outlook, Prospects and Policy Challenges Macroeconomic fundamentals in 2014-15 have dramatically improved. Highlights are: Inflation has declined by over 6 percentage points since late 2013. The current account deficit has declined from a peak of 6.7 percent of GDP (in Q3, 2012-13) to an estimated 1.0 percent in the coming fiscal year. Foreign portfolio flows …
Number of Macro Level and Sectoral Initiatives Undertaken to Improve Industrial Growth The Index of Industrial production (IIP) suggests that industrial sector is recovering slowly with a 2.1 per cent in April – December 2014-15 over the 0.1 per cent in the same period last year. The Economic Survey presented by the Finance Minister Sh. …