(Report) UPSC : Key Features of Budget 2015-2016

INTRODUCTION :

Credibility of Indian economy has been re-established in the last nine months.
Indian economy about to take-off on a fast growth trajectory.
Most growth forecasts have upgraded Indian economic growth while downgrading global economic growth.
Economically empowered States are equal partners to Indian economic growth.
Round the clock, round the year Government to pursue accelerated growth, enhanced investment for the benefit of all Indians.
After inheriting an economy with sentiments of “doom and gloom” with adverse macro-economic indicators, nine months have seen at turn around, making India fastest growing large economy in the World with a real GDP growth expected to be 7.4% (New Series).
Stock market - Second best performing in 2014.
Macro-economic stability and conditions for sustainable poverty alleviation, job creation and durable double digit economic growth have been achieved.
Restored the trust of the people on the Government by delivering on different areas.

Financial Inclusion - 12.5 crores families financially mainstreamed in 100 days.
Transparent Coal Block auctions to augment resources of the States.
Swachh Bharat is not only a programme to improve hygiene and cleanliness but has become a movement to regenerate India.
Game changing reforms on the anvil:
♦ Goods and Service Tax (GST)
♦ Jan Dhan, Aadhar and Mobile (JAM) - for direct benefit transfer.
STATE OF ECONOMY
Inflation
Inflation declined - a structural shift
CPI inflation projected at 5% by the end of the year, consequently, easing of monetary policy.

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