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

EDITORIAL OF THE DAY

  • While net neutrality is a noble concept, internet for all is a necessity

    The Telecom Regulatory Authority of India’s directive that no service provider should offer or charge discriminatory tariffs for data services on th

FC NEWSLETTER

Stay informed on our latest news!

TODAY'S COLUMNS

Arun Nigavekar

Tablets, memory cards for educatioNext

The Commonwealth he­ads of government mee­ting held in Malta last ...

Rajgopal Nidamboor

Try to awaken the archaeologist within

Our mind is far ahead of René Descartes’ famous maxim, ...

Dharmendra Khandal

Urbanisation is costing us our wildlife

The road transport and highways minister Nitin Gadkari aims to ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture