Indian economy will grow 5.4-5.9 percent in 2014-15: Survey

New Delhi, July 9 (IANS) Projecting India's growth at 5.4-5.9 percent, the annual report card on the state of the country's economy said price rise remained a cause for worry, while calling for a complete rehaul of the subsidy regime and increasing tax revenues.

The Economic Survey for 2013-14 tabled in parliament by Finance Minister Arun Jaitley Wednesday also said direct cash transfers is the right way to subsidise soil nutrients and that fuel prices must be market driven.

The survey, which was tabled a day ahead of the national budget for the current fiscal, also said the country will require a whopping $1 trillion investment in infrastructure over the next five years.