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FISCAL POLICY.pptx

FISCAL POLICY.pptx

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Published by Vishesh V. Rane
budget fiscal
budget fiscal

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Published by: Vishesh V. Rane on Oct 03, 2013
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10/03/2013

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Group members:-Jejoy FernandesSachin LoharSiddhesh MaliSiddhesh ShindeVishesh RaneAmol JadhavShekar Hande
 
THE ECONOMY AND THE CHALLENGES
• Slowdown in Indian economy has to be seen in the
context of slowing global economic growth from 3.9 percent in 2011 to 3.2 per cent in 2012
• Getting back to potential growth rate of 8
percent is thechallenge facing the country.
• 11th Plan period had average growth rate of 8
percent,highest during any Plan period, entirely under the UPAGovernment.
• High growth rate can again be achieved through
cooperation.
• ‘Higher growth leading to inclusive and sustainabledevelopment’ to be the
mool mantra.
 
Fiscal Deficit, Current Account Deficitand Inflation
• A new fiscal consolidation path with fiscal deficit at 5.3
per cent of GDP this year and 4.8 per cent of GDP in2013-14 announced by the Government.
• Foreign investment in an imperative in view of the high
current account deficit (CAD).
• FII, FDI and ECB three main source of CAD Financing.
Foreign investment that is consistant with our economicobjectives to be encouraged.
• WPI inflation to about 7 per cent and core inflation to
about 4.2 percent.
• Food Inflation is worrying but needed action is taken by
govt.

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