Budget Review
02 Mar 2013

FY2013 - 14

Highlights & Sector-wise Impact

     
 
 
BUDGETARY ECONOMY HIGHLIGHTS
 

FISCAL DEFICIT
Fiscal deficit for FY13 seen at 5.2% of GDP, while for FY14 the same has been forecasted at 4.8% of GDP. Finance Minister (FM) also expressed that currently Economy is running with huge fiscal deficit, So India had no choice but to rationalise expenditure.

CURRENT ACCOUNT DEFICIT
The one of the most concerning factor of the Indian Economy is current account deficit, as per FM to fund this deficit India will need more than $75 billion this year and next year.

SPENDING
Govt has seen Total Budget expenditure at 16.65 trillion rupees in 2013/14, out of which 5.55 trillion rupees would for plan expenditure and 12 trillion rupees has been estimated for Non-plan expenditure in the same year. Govt has also revised estimate for total expenditure is 14.3 trillion rupees in 2012/13, which is 96 pct of budget estimate, apart from this Govt has also allocated 100 billion rupees towards spending on food subsidies in 2013/14.

GROWTH & INFLATION
FM stated that, India faces challenge of getting back to its potential growth rate of 8%, India must decisively embrace growth as highest goal with apprehension of food inflation, which will be controlled by taking effective steps to augment supply side.

 
 
 
SECTORAL IMPACT OF BUDGET 2013
 
 
 
 
 
 
 
 
 
 
 

NAME
DESIGNATION
E-MAIL
Varun Gupta
Head - Research
Pashupati Nath Jha
Research Analyst
Vikram Singh
Research Analyst
 
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