Economic Survey 2014-15Economic and Political Weekly

The Economic Survey is an important economic document published every year by the Ministry of Finance. This article undertakes a critical assessment of the vision of economic growth embedded in the Economic Survey 2014–15. It is argued that the current vision of economic growth is largely supply-side in nature and that policymakers need to take cognisance of the demand-side constraints in India through the framework of demand-led growth theory—a non-mainstream approach to understanding economic growth.