When we talk of budget 2013-14, we must never lose sight of the fact that finance minister P Chidambaram started on a very weak wicket. With growth rate plummeting
The Union budget is set out with an objective to curtail fiscal deficit, narrow the current account deficit, jumpstart the savings rate, increase the flow of household savings towards
Contrary to the entire pre-budget hype the budget was without any big announcements. While containing the FY13 fiscal deficit at 5
the core takeaway of the FY14 Union budget was the reaffirmation of fiscal prudence and growth orientation. The fiscal deficit in FY13 was managed by slashing the non-plan expenditure
every budget has to be seen in the context of the prevailing economic environment, the challenges and the opportunities faced at the time. The current budget has to be
Given the current fiscal and economic constraints the finance minister was facing, this Union budget is a balanced one with no major surprises. The fiscal deficit of 5
we see the budget presented by finance minister as pragmatic, at same time encouraging, as the focus was slightly more on small investors to revive the investment landscape.
the budget 2013-14 came in the backdrop of a sharp slowdown in growth, fears of a rating downgrade, a tight fiscal position and looming general elections. For any finance
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William D. Green
Chairman & CEO, Accenture