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ECONOMIC SURVEY 2016-17: HIGHLIGHTS
ECONOMIC SURVEY 2016-17: HIGHLIGHTS
 Informal sector has created jobs and keeping unemployment low
 Schemes such as Pradhan Mantri Suraksha Bima Yojana (PMSBY),
Pradhan Mantri Jivan Jyoti Bima Yojana (PMJJBY), and the Atal
Pension Yojana(APY), - were launched in 2015 in the insurance and
The Finance Ministry of India presents the
Economic Survey in the parliament every year,
just before the Union Budget. It is the ministry's
view on the annual economic development of the
country. A flagship annual document of the
Ministry of Finance, Government of India,
Economic Survey reviews the developments in the
Indian economy over the previous 12 months,
summarizes the performance on major
development programs, and highlights the policy
initiatives of the government and the prospects of
the economy in the short to medium term.
This document is presented to both houses of
Parliament during the Budget Session.

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ECONOMIC SURVEY 2016-17: HIGHLIGHTS
pension sectors for creating a universal social security system for all
Indians, especially for the poor and the underprivileged
 India can become the leading investment destination owing to its
robust macroeconomic fundamentals
 Reserve Bank of India will meet 5 per cent inflation target by the end
of March 2017
 Reform package for the fertilizer Sector
 Rates of 8% or higher possible in next 2 years, given macroeconomic
stability
 Indian Equity market relatively resilient compared to other major
emerging market economies
 Impressive strides made in the power sector in the last two years
 Economic Survey projects 7.6 per cent economic growth rate in
2015-16
 Economic Survey highlights the importance and potential of
spreading JAM Trinity across the Indian economy
 India ranks first in milk production, accounting for 18.5% of world
production
 Downside risk to medium term growth due to global economic
condition
 Medium-term growth trajectory at 7-7.75% with downside risk.
 Economic Survey projects 7.6 per cent economic growth rate in
2015-16
 Amidst gloomy international economic landscape,India remains a
haven of stability
 Upcoming budget and economic policy will have to contend with an
unusually challenging and weak external environment
 Growth in the services sector moderated slightly, but still remains
robust
 Increase in wages recommended by the 7th Pay Commission not
likely to destabilise prices, will have little impact on inflation
 Foreign exchange reserves have risen to US $ 349.6 (Jan-2016)
 India's long run potential GDP Growth is substantial, about 8 to 10%

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ECONOMIC SURVEY 2016-17: HIGHLIGHTS
 Fiscal deficit target of 3.9 per cent seen achievable
 Low inflation has taken hold and confidence in price stability has
improved
 Services continues to be key driver; expected to be 9.2% in 2015-16
 Govt tables Economic Survey 2015-16, FY17 GDP seen at 7-7.75%
 Finance Ministry Arun Jaitley will table the Economic Survey for
2015-soon
 Arun Jaitley will give a status report on the economy amid concerns
of a global slowdown and its fallout on the Indian economy.
 Moody's has pegged India's growth at 7.5 per cent.
 Jayant Manglik, president, retail distribution, Religare Securities,
said, "The Economic Survey report on Friday will help investors to get
some cues ahead of the Union Budget."