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New Delhi: The year 2014-15 (April-December) witnessed a substantial decline in inflation. According to the Economic Survey 2014-15, the Average Wholesale Price Index (WPI) (base year 2004-05 = 100) inflation declined to 3.4% in 2014-15 (April-December) as compared to an average of 6% during 2013-14. The WPI inflation even breached …
Read More »Tag Archives: Economic Survey 2014-15
Services Sector Negotiations at WTO Crucial
New Delhi: India’s dynamic Services Sector clocked double digit growth rate of 10.6 per cent as per the Advance Estimate during the current financial year, as compared to 9.1 per cent in the last fiscal (FY 2013-14). Contributing almost 72.4 per cent of the growth in the GDP, in the …
Read More »Hyper-Growth in Tech start ups in India
New Delhi: Information Technology (IT) and IT -enabled Services (ITeS) makes up the single largest contributor to India’s Services exports. The Economic Survey 2014-15 says the IT and ITeS sector including Business Process Management (BPM), continues to be one of the largest employers in the country, directly employing nearly 35 …
Read More »Skill Development and Employment are major Challenges: Economic Survey
New Delhi: There is a dual challenge of developing skills and utilizing them in a proper way. The Economic Survey 2014-15 has stated that as per the Labour Bureau Report 2014, the present skilled workforce in India is only 2 percent, which is much lower when compared to the developing …
Read More »Macro Level Initiatives to Improve Industrial Growth
New Delhi: 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. Arun Jaitely in the Lok …
Read More »Growth Rate of 8 % Expected in India: Scope for Big Bang Reforms
New Delhi: Indian Economy is looking-up with brighter prospects amongst the world’s major economies today. The Economic Survey 2014-15 presented by the Finance Minister Shri Arun Jaitley to the Parliament today indicates that a clear political mandate for reform and a benign external environment now is expected to propel India …
Read More »Need for balance between ‘Make in India’ and ‘Skilling India’
New Delhi: Economic Survey 2014-15 discusses the “Make in India” the flagship initiative and a key policy objective of the new government. The Survey contemplates “What should India make?Manufacturing or Services? ” As a prelude, the Survey states that, in order to bring about expansion and structural transformation, India should …
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