Fiscal deficit narrows to 4.5% of GDP

Tags: News
The economy expanded 4.7 per cent in 2013-14, a below-5 per cent growth for the second consecutive year and perhaps the worst performance in two decades. The GDP growth was below the advance estimates of 4.9 per cent due to poor 4.6 per cent growth in the March quarter, CSO data showed. It was 4.5 per cent in 2012-13.

The fiscal deficit for 2013-14 was better at 4.5 per cent of GDP compared with the revised estimate of 4.6 per cent.

A good fiscal deficit outcome can help attract foreign savings, which can turn the investment cycle at a time when sluggish demand is hampering domestic investment. A comfortable fiscal deficit will also help contain inflation, industry body CII said.

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E-mail ID will not be published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

  • Not the best gift for Modi, but bypoll result may not affect BJP in long run

    In India’s hardball political landscape, there is little place for anyone to rest on their laurels, not the least if you are a successful prime mini

FC NEWSLETTER

Stay informed on our latest news!

INTERVIEWS

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs

Chander Mohan Sethi

CMD, Reckitt Benckiser India

COLUMNIST

M S Swaminathan

Scientific and field level know-how

Recently addressing the scientists of the Indian Council of Agricultural ...

Rajgopal Nidamboor

How synchronous empathy helps us

All of us are in an undulating ‘hypnotic’ state. A ...

Dharmendra Khandal

The peculiar possibilities of animal poop

You can tell a lot about an animal by its ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture