Today the Ministry of Finance releases the Economic Survey for the FY 2013-14. Over the past few years, the Indian economy has experienced slow growth. In 2014-15, the Indian economy is poised to overcome the less than 5 per cent growth of Gross Domestic Product (GDP) as witnessed over the last two years.
The slowdown in the growth during the last two years was broad based, particularly affecting the manufacturing/industry sector. During this period the inflation has eased but the same is above the comfort level, primarily due to high level of food inflation.