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Highlights of Economic
Survey 2013-14
8:09 PM
AFCAT Special, Banking Awareness,
Current Affairs, Current Affairs
Important Updates
11 comments
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day ahead of the Union Budget

2014-15,
Minister
presented

Indian
Arun
the

Finance

Jaitley

has

Economic

Survey for the year 2013-14 in Lok

Sabha today (9th July 2014). According to
this survey, India's economy is expected
to grow between 5.4 percent and 5.9 Per
Cent in the current fiscal year. A flagship

http://www.gr8ambitionz.com/2014/07/highlights-of-economic-survey-2013-14.html

annual

document

of

the

Ministry

of

Finance, the Economic Survey reviews the

developments in the Indian economy over
the previous 12 months, summarizes the
performance
programs,

on

and

major

development

highlights

the

policy

initiatives of the government and the

prospects of the economy in the short to
medium term. Below are the highlights of
Economic Survey 2013-14.

Major Highlights of
the Economic Survey
2013-14

GDP growth seen at 5.4-5.9% in

2014/15
Growth rate of 7-8% can occur after
2015/16
Poor monsoon, external factors pose
risk to growth
Need

subsidy

reforms

for

fiscal

consolidation

http://www.gr8ambitionz.com/2014/07/highlights-of-economic-survey-2013-14.html

 Raise

tax-to-GDP

ratio

for

fiscal

consolidation
CAD to be contained at 2.1% of GDP
in 2014-15
Wholesale

inflation

expected

to

moderate by end-2014
Retail

inflation

showing

signs

of

moderation
Reduce spillovers from food to nonfood inflation by putting in place a
formal monetary policy framework
Contain revenue shortfall via better
mobilisation, reforms
Move towards simple tax regime,
fewer exemptions, GST rate
Need

DTC

as

clean

modern

replacement for existing I-T laws

Cutting capital expenditure not good
for economy
Changes

in

tax

administration

required
Need sharp fiscal correction, new
FRBM Act with teeth
Government needs to move towards
low and stable inflation through fiscal
consolidation
RBI intervention in forex market
behind

accumulation

of

reserves

generally
Rupee has stabilized, reflecting an
overall sense of confidence in forex
and capital markets

http://www.gr8ambitionz.com/2014/07/highlights-of-economic-survey-2013-14.html

 Time over-runs in infra project main

cause of under achievement in the
sector
Exports still fragile; Iraq crisis a risk
Industrial growth expected to revive
gradually over 2-yearr
Indian legislation governing business
need thorough revamp
Improve business environment by
shifting important decision making
from inspectors to higher officers
Re-examine laws that empower govt
to interfere in markets
Capital controls under FEMA do not
support rapidly globalizing economy.
Banking sector impacted by global
and domestic slowdown
State

APMC

modernisation

laws
of

good

hurdle

to

economy;

have created cartels of buyers who

possess market power
Foodgrains production to go up to
264.4 MT in 2013/14
Need

to

review

nutrientbased

fertiliser subsidy
Plan

to

add

88,537

MW

power

capacity over next 5 yrs

Allow private companies to mine coal
commercially
Gold & silver imports dropped 40% to
$33.4 bn in 2013/14Improvement in

http://www.gr8ambitionz.com/2014/07/highlights-of-economic-survey-2013-14.html

fiscal deficit and CAD to feed higher

growth
Indias increase in share in world
services exports from 0.6% in 1990
to 3.3% in 2013 faster than goods
exports
Despite deceleration, services GDP
growth at 6.8% was above the 4.7%
overall GDP in 2013/14
3 milestones of 2013/14: passage of
PFRDA
futures

Act,

shift

trading

of
into

commodity
FinMin

&

presentation of FSLRC report

Poverty ratio declined from 37.2% in
2004/05 to 21.9% in 2011/12.
Download Highlights of Railway
Budget 2014 from here
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11 Comments:
Anonymous
July 9, 2014 at 8:17 PM
thank you so mush for this post mam
mam please post verbal reasoning topic
:series and word formation
Reply

Anonymous
July 9, 2014 at 8:22 PM
please increase the no of online test at
least 5 per day as exams are approaching
thanks

http://www.gr8ambitionz.com/2014/07/highlights-of-economic-survey-2013-14.html

Reply

Paragdhar Baruah
July 9, 2014 at 8:38 PM
Sir...Could you please Suggest me the
syllabus of professional knowledge and
financial awareness sections for RRB IT
officer scale-2???
Reply

Anonymous
July 9, 2014 at 8:47 PM
Thanks ,mam pls provide a link discussion
for maths and reasoning
Reply

Anonymous
July 9, 2014 at 9:07 PM
The marked price of a radio is 3840 the
shop keeper allow a discount of 10 % and
gain 8% in the whole transaction .if no
discount is given his gain % would be, pls
give me explanation this
Reply

sonu
July 9, 2014 at 9:19 PM

http://www.gr8ambitionz.com/2014/07/highlights-of-economic-survey-2013-14.html

mam please help me, please provide

verbal reasoning topic- series, and word
formation
Reply

sonu
July 9, 2014 at 9:20 PM
thank you mam
Reply

Anonymous
July 9, 2014 at 9:40 PM
Call letter for SBI clerk can be downloaded
now
Reply

Anonymous
July 9, 2014 at 9:42 PM
Link for Call letter for SBI Clerk will be
available soon
Reply

Manuu Saxena
July 13, 2014 at 7:39 PM
it should be for year 2014-15 not 13-14
Reply

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Want to share anything with us ?

You can reach us at

Shiv RK

Gr8AmbitionZ @ Gmail.com

July 13, 2014 at 8:01 PM

Connect with US

Nope... 13-14 is correct Manu

Economic Survey is the ministry's
view

on

the

annual

economic

development of the country. In

simple

words,

developments

it
in

reviews
the

the

Indian

economy over the previous 12

months.

Reply

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