Indian Union Budget 2013-14: Strategic Review
The Indian economy is estimated to have registered a growth rate of 5.0 per cent in 2012-13 in terms of gross domestic product at factor cost at constant 2004-05 prices, following a growth of 6.2 per cent in 2011-12. Growth in 2011-12 and 2012-13 is on the lower side, in the context of the decadal average of 7.9 per cent during 2003-04 to 2012-13. This is attributable mainly to weakening industrial growth in the context of tight monetary policy followed by the Reserve Bank of India (RBI) through most of 2011-12, and continued uncertainty in the global economy.
However, with widespread reform measures initiated in recent months and the global economy poised for a moderate recovery in 2013-14, the Indian economy is expected to witness an improved outlook in 2013-14. Reform process under taken in the current year, forms the basis of fiscal policy of the government during 2013-14. Proactive policy decisions, contained government spending to provide space for private investment, along with reforms to attract capital inflows are expected to be key drivers of growth revival during 2013-14.
IS Advisors takes you through the strategic review of Union Budget 2013-14 on the economy in this report. The report provides useful and comprehensive information about the current status of Indian economy, fiscal steps and other government policies stated in Union Budget 2013-14.
SCOPE OF THE REPORT
However, with widespread reform measures initiated in recent months and the global economy poised for a moderate recovery in 2013-14, the Indian economy is expected to witness an improved outlook in 2013-14. Reform process under taken in the current year, forms the basis of fiscal policy of the government during 2013-14. Proactive policy decisions, contained government spending to provide space for private investment, along with reforms to attract capital inflows are expected to be key drivers of growth revival during 2013-14.
IS Advisors takes you through the strategic review of Union Budget 2013-14 on the economy in this report. The report provides useful and comprehensive information about the current status of Indian economy, fiscal steps and other government policies stated in Union Budget 2013-14.
SCOPE OF THE REPORT
- Overview of the Economy
- Trend in GDP growth rate
- Government’s fiscal roadmap
- Budget at a Glance
- Budget Estimates for 2013-14
- To understand the key government policies on the overall economy
- The report will assist in formulating strategies for Indian financial market
1. OVERVIEW OF INDIAN ECONOMY
2. GDP GROWTH
3. FISCAL POLICY OVERVIEW
3.1 High Fuel & Fertilizer Subsidy
3.3 Slowdown Resulting in Lower Tax Revenue
3.3 Lower Realization from 2G Spectrum
3.4 Reforms & Hike in Fuel Prices
4. FISCAL POLICY 2013-14
5. UNION BUDGET 2013-14 SUMMARY
5.1 Budget Estimates 2013-14
5.2 Budget at a Glance
2. GDP GROWTH
3. FISCAL POLICY OVERVIEW
3.1 High Fuel & Fertilizer Subsidy
3.3 Slowdown Resulting in Lower Tax Revenue
3.3 Lower Realization from 2G Spectrum
3.4 Reforms & Hike in Fuel Prices
4. FISCAL POLICY 2013-14
5. UNION BUDGET 2013-14 SUMMARY
5.1 Budget Estimates 2013-14
5.2 Budget at a Glance
LIST OF CHARTS & TABLES
Chart 1: Quarterly GDP Growth Rate %, FY11-14E
Chart 2: Trend in Fiscal Deficit (%), FY06-14E
Table 1: Budget Summary FY13 & FY14E
Table 2: Trend in Deficits, FY12-FY14E
Table 3: Budget Estimates of Tax Revenue, FY13-FY14E
Table 4: Budget Estimate for Revenue Non Plan Expenditure, FY13-14E
Chart 1: Quarterly GDP Growth Rate %, FY11-14E
Chart 2: Trend in Fiscal Deficit (%), FY06-14E
Table 1: Budget Summary FY13 & FY14E
Table 2: Trend in Deficits, FY12-FY14E
Table 3: Budget Estimates of Tax Revenue, FY13-FY14E
Table 4: Budget Estimate for Revenue Non Plan Expenditure, FY13-14E
