<h1>India's Economy Boosts Growth with GST Reforms, Investment Surge; Challenges in Banking, Exports Persist.</h1> The 2014-15 Economic Survey highlights significant improvements in India's macroeconomic fundamentals, including a decline in inflation and the current account deficit. Real GDP growth has averaged 7.2% since 2013-14, with projections of 8.1-8.5% for 2015-16. India ranks highly as an investment destination. Key reforms like GST and direct benefit transfers are underway. Challenges include stalled projects, banking sector issues, and export competitiveness. Public investment is crucial for growth, especially in infrastructure like railways. Fiscal discipline and expenditure control are emphasized, alongside enhancing private investment and addressing gender inequality and climate change. The Fourteenth Finance Commission increases state fiscal autonomy.