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Budget 99

Budget 99

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Economic Survey of India
Page 1
ECONOMIC SURVEY OF INDIA (1998-99)
1997-98
1998-99
Core Economic Statistics
Real GDP Growth Rate
5.0%
6.8%
Inflation
4.8%
6.9%
Public Sector Borrowing (in billions)
Rs.773.80
Rs.991.23
Fiscal Deficit
4.8%
5.6%
Unempoyment
9.7%
10.1%
Trade Deficit
1.1%
1.3%
Social Indicators
Population
984,567,900
1,000,848,550
Birth Rate
2.56%
2.54%
Infant Mortality Rate
7.7%
7.2%
Hospital Beds per million people
912
935
Life Expectancy
62.3
62.8
Gross Enrolement in Primary Education
91.8%
92.1%
Population below poverty line
35.1%
35.1%
Households without permanent housing
34,009,509
33,945,677
Industrial Indicators
Foodgrains (million tonnes)
192.30
203.00
Land Under Irrigation (Mha)
74.50
75.50
Fertiliser consumption (million tonnes)
16.19
16.80
Man-days lost to strikes and lockouts (million)
17.00
22.10
Steel (million tonnes)
23.40
23.80
Cement (million tonnes)
82.10
88.00
Heavy Machinery (index of production)
303.40
330.00
Textiles (billion sq.m)
37.25
36.13
Telephone Connections (milllions)
23.18
27.22
Automobiles (thousands)
701.50
642.00
Electricity (billion kWh)
463.80
494.40
Economic Survey of India
Page 2
9 8 -9 9 )
Change

36.0%
43.8%
28.1%
16.7%
4.1%
17.2%

1.7%
-0.8%
-6.5%

2.5% 0.8% 0.4% 0.1%

-0.2%

5.6%
1.3%
3.8%
30.0%
1.7%
7.2%
8.8%

-3.0%
17.4%
-8.5%
6.6%
Budget
Page 1
BUDGET OF THE R
E P U B L IC O F
Government Income
1998-99
Budget Estimate
Income Tax
Rs.1,123.18
Corporation Tax
Rs.653.81
Capital Taxes
Rs.20.31
Excise Duty
Rs.605.60
Customs Duty
Rs.302.78
Tobacco Duty
Rs.20.10
Fuel Duty
Rs.79.66
Non-tax revenue
Dividends & Profits from PSEs
Rs.79.50
Total Income
Rs.2,884.93
Summary
Government Spending:GDP ratio
0.0%
18.4%
Pubic Sector Borrowing Requirement
Rs.991.23
Rs.780.37
Fiscal Deficit
5.6%
3.9%
National Debt
Rs.8,755.05
Rs.9,535.42
Debt:GDP ratio
49.5%
47.8%
RBI Interest Rate
10.50%

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