Highlights of economic survey India 2014
Highlights of the Survey:
GDP growth seen at 5.4-5.9 pc in 2014-15
Growth rate of 7-8 pc can occur after 2015-16
Poor monsoon, external factors pose risk to growth
India’s external debt has remained within manageable limits due to the external debt management policy with prudential restrictions on debt varieties of capital inflows.
Wholesale inflation expected to moderate by end-2014
Retail inflation showing signs of moderation
Industrial growth expected to revive gradually over 2-yr
Banking sector impacted by global and domestic slowdown
Record food grains and oilseeds production of 264.4 million tonnes (mt) and 32.4 mt is estimated in 2013-14
India recorded a peak production of milk, at 132.43 million tonnes, in 2012-13
Horticulture production estimated at 265 mt in 2012-13 has exceeded the production of foodgrains and oilseeds for the first time
Due to higher procurement, stocks of food grains in the Central Pool have increased to 69.84 million tonnes as on June 1, 2014
The net availability of food grains increased to 229.1 million tonnes and that of edible oils to 12.7 kg per year in 2013
Plan to add 88,537 MW power capacity over next 5 yrs