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“Budget tells us what we can’t afford but it doesn’t keep us from buying it”William FeatherThe Economic Survey of India (2014-2015) presented in parliament presents a very optimistic future scenario for India. GDP would grow between 8.1% and 8.5% in the next FY. In the years following 2014-2015 the, India would be propelled to a double digit growth.India would refrain from any Big Bang reforms, the private sector investment is unlikely, exit from state run banks and skilling before making.What do the consumers in India want?
Indians are eating, buying more clothes and consuming more electricity than they did in the 1970’s. The table shows how the demand for edible oil, milk and coffee grew by a much greater degree between 1991 and 2014 than in last 20 years. The consumption of tea, cereals and sugar slowed down. Per capital availability of select items Per capital availability of select items 1970-71 1990-91 2013-14 Cereals (gm/day) 417.6 468.5 468.9 Pulses (gm/day) 51.2 41.6 41.9 Edible Oil (kg) 3.5 5.5 16.8 Vanaspati (kg) 1 1 0.8 Sugar…

(kg) 7.4 12.7 19.5 Cloth (metres) 15.6 241.1 36.2 Tea (gm) 401 612 744 Coffee (gm) 65 69 100 Electricity Supply (kWh) 111 340 920 Milk (gm/day) 109 173 298 Eggs (no/year) 11.2 24.8 58.3 Average Annual growth between FY71 & FY91 FY91 & FY14 0.58 0.004 -1.03 0.03 2.29 4.97 0 -0.97 2.74 1.88 2.2 1.78 2.14 0.85 -0.48 2.32 5.75 4.43 2.33 2.38 4.05 3.79



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