The Economic Survey 2015-16, presented in the Parliament today by the Union Finance Minister Shri Arun Jaitley, states that the social infrastructure scenario in the country reflects gaps in access to education, health and housing amenities. Inclusive growth in India requires bridging gaps in educational outcomes and improved health attainments across the population.
Economic Survey 2015-16 highlights
- Economic Survey 2015-16 highlights need for more investment in Human Capital, expresses concern at declining educational outcomes, emphasizes importance of improving efficiency in delivery of services in the health sector.
- Indian economy stands out as a haven of macroeconomic stability, resilience and optimism and can be expected to register GDP growth that could be in the range of 7.0 per cent to 7.75 per cent in the coming year;
- Despite Difficult Global Environment, India is Likely to be the Fastest Growing Major Economy in the World in 2016, says Economic Survey 2015-16
- Services Sector remains the Key Driver of Economic Growth contributing almost 66.1% in 2015-16
- Trade deficit declines to 106.8 billion US dollars in April-January 2015-16 from 119.6 billion US dollars in corresponding period 2014-15
- Economy to clock more than 7 per cent growth this fiscal; Economic Survey 2015-16 predicts over 8 per cent growth in next couple of years.
- Labour Force participation Rate higher in Rural Areas than Urban Areas, significantly lower for females than males: Economic Survey
- Women account for 57% of employment given under MGNREGA in the Current Financial Year
- 75 lakh Rural Youth trained under Deen Dayal Upadhyaya Grameen Kaushalya Yojana during 2015-16
- 2015 – Landmark Year for India in Climate Change Initiatives: Economic Survey 2015-16;
- Fiscal Deficit target of 3.9% for 2015-16 seems Achievable, says the Economic Survey
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