#EconomicSurvey Gross tax revenue for 2013-14 (P) was 10% of GDP and has shown a decrease of 0.2% in terms of GDP over the previous year Inflation showed signs of receding with average WPI inflation falling to 3 year low of 5.98 % during 2013-14. Consumer price inflation, though higher than the WPI, has also exhibited signs of moderation CPI (new-series) inflation declined from 10.21 % during FY 2013-14 to about 9.49 % in 2013-14 Food inflation remained high during FY 2013-14 High inflation, particularly food inflation, was the result of structural as well as seasonal factors Inflation in Non Food Manufactured Product (WPI core) has remained benign throughout the year
Posted on: Wed, 09 Jul 2014 08:45:00 +0000
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