Economic survey 2013 :Highlights

Tags: News
Following are highlights of the report:

> GDP growth seen at 6.1-6.7% in 2013/14

> India likely to meet fiscal deficit target of 5.3 pct of GDP in 2012/13, despite "significant" shortfall in revenues

> Government target for fiscal deficit is 4.8 pct of GDP in 2013/14

> Government target for fiscal deficit is 3 pct of GDP in 2016/17

> Prioritisation of expenditure seen as key ingredient of credible medium-term fiscal consolidation plan

> Raising tax to GDP ratio to more than 11 pct seen as critical for sustaining fiscal consolidation

> Room for accommodative monetary policy with expected fiscal consolidation

> Headline inflation may decline to 6.2-6.6 pct by March

> Focus on curbing imports, making oil prices more market determined to reign in current account deficit

> Recommends curbing gold imports to reign in current account deficit

> Room to increase exports in the short run limited

> Foreign Institutional Investors (FIIs) flows need to be targeted towards long-term rupee instruments

> Industrial output seen growing around 3 pct in 2012/13

Post new comment

E-mail ID will not be published
CAPTCHA
This question is for testing whether you are a human visitor and to prevent automated spam submissions.

EDITORIAL OF THE DAY

  • Sebi’s proposal to bring clarity to merger moves is a welcome step

    Market regulator Sebi is reportedly planning changes in rules governing merger and acquisition of companies in India.

FC NEWSLETTER

Stay informed on our latest news!

INTERVIEWS

Sarthak Raychaudhuri

vice-president, HR, Asia South Whirlpool of India

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs

TODAY'S COLUMNS

Arun Kumar Jain

Prosperity mantra across the ages

The economic prosperity of a nation rests upon its ability ...

Kuruvilla Pandikattu SJ

Can we pop a pill for compassion?

Can altering brain chemistry make us more sensitive to inequality? ...

Gautam Gupta

Fashion forward for e-commerce industry?

Looks like the e-commerce industry is taking a leaf out ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture