Economic Survey presented on 26 February 2016

The Economic Survey for 2015-16 was tabled in Parliament by Union Finance Minister Arun Jaitley on Friday, 26 February 2016. 
The Economic Survey is the Finance Ministry's view on the annual economic development of the country that gives a broad idea on the macro-economic data, which will impact the budget decisions. 

Highlights of Economic Survey 2015-16:

• GDP growth rate for 2015-16 to be in the range of 7 % to 7.75 % 
• Amidst gloomy international economic landscape, India stands as a haven of stability
• 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
• Foreign exchange reserves have risen to US $349.6 (Jan-2016)
• Govt will meet its fiscal deficit target of 3.9% of GDP
• Agriculture sector needs a transformation to ensure sustainable livelihoods for farmers and food security
• 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 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% inflation target by the end of March 2017
• Reform package for the fertilizer Sector