The Union Finance Minister Arun Jaitley has tabled the Economic Survey in Lok Sabha which will outline the broad direction of the budget and the economic performance of the country. The Economic Survey is likely to state that the economy is in good health and will also highlight the economic revival. The survey will also highlight the stability with respect to the Balance of Payments. The Finance Ministry presents the Economic Survey in the Parliament every year, just before the Union Budget.
The Survey, released a day ahead of the annual Budget 2015, further said that economic growth for the financial year 2015-16 is likely to remain between 8.1 and 8.5 percent. On inflation, the Survey said, there has been a fall of over 6 percentage points since 2013, even as the external sector, which includes exports and inflow of foreign funds, was returning to a path of strength and resilience. Industrial growth has also picked up now.
A flagship annual document of the Ministry of Finance, Economic Survey reviews the developments in the Indian economy over the previous 12 months, summarizes 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.