Economic Survey 2015-16

A flagship annual document of the Ministry of Finance, Government of India, the Economic Survey reviews the developments in the Indian economy over the previous twelve 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. This document is presented to both houses of Parliament during the Budget Session, tabled a day ahead of the Union Budget. The survey is the most authoritative and updated source of data on Indias economy. It highlights a growth rate of 7.6% hailing India as a bright spot amidst a slowing global economy. Elucidating further, it identifies wide-ranging challenges and summarizes policy and performance of the government, while advocating inclusive development in key sectors with the right strategies, policies, and interventions. The focus is on ensuring macro-economic stability and prudent fiscal management through a fresh set of economic reforms and policy initiatives to counter risks of global slowdown.

The Ministry of Finance is an important ministry within the Government of India. It concerns itself with taxation, financial legislation, financial institutions, capital markets, centre and state finances, and the Union Budget.