7 days to count for INDIA budget 2013-2014 - trending facts and expectations / myLot

India

February 20, 2013 10:00am CST

India is growing very faster and this coming budget will prove the lot of changes. Mr. Chidambaram, India finance minister has promised to achieve a fiscal deficit of 5.3 percent of GDP this fiscal year and 4.8 percent in 2013-14, targets he calls 'red lines' that cannot be crossed. Late last year, some economists were predicting that the budget deficit this year could be closer to 6 Percent. During pre-post budget lot of changes happens like share or equity markets fluctuations. The major sectors like Banking,Capital Goods,Infrastructure,Power,Media,Telecom,Real Estate,Oil & Gas,Pharma & Healthcare are plays a vital role.

1 response

subhojit10

@subhojit10 (7375)

• India

20 Feb 13

Thanks a ton for sharing this discussion. Yes u are absolutely right, the Indian economy has not such much promise as it was expected to before but still this time the hopes are sky high and we hope to see a better budget which would be good for every one otherwise it would disappoint each and every individual. What say?

murarig

@murarig (21)

• India

21 Feb 13

thanks for your opinion subhojit. always people expect good promises, but politics plays major role, as next 2014 elections are very important to keep promise of people (vote bank), this time they have to deliver a good budget. Hope it could be a good budget.