The new UPA government is bringing its first budget of the Govt tomorrow. Needless to say that the economic situation is tough in here. Many experts believe that the budget is mainly focused on structural reform that will boost growth. The main focus is expected to boost the agriculture, infrastructure and telecom sectors. India’s fiscal deficit has grown sharply with the stimulus packages that were announced pre election to boost the economy. The defence budget has also seen increased spending on the wake of the terror attacks.
The fiscal deficit is estimated to be grown to 6.2% of GDP for the year ended March 2009 which made it double the governments target of 2.5% which makes it the highest in two decades. The Govt is clear on the stands that India will achieve 7% growth and it is also aware of the dangers that rise in the fiscal deficit would cause. Anyway its just one way head for the day the whole of India and the investors over the world are watching to see the Budget 2009-10.
The new UPA government is bringing its first budget of the Govt tomorrow. Needless to say that the economic situation is tough in here. Many experts believe that the budget is mainly focused on structural reform that will boost growth. The main focus is expected to boost the agriculture, infrastructure and telecom sectors. India’s fiscal deficit has grown sharply with the stimulus packages that were announced pre election to boost the economy. The defence budget has also seen increased spending on the wake of the terror attacks.
The fiscal deficit is estimated to be grown to 6.2% of GDP for the year ended March 2009 which made it double the governments target of 2.5% which makes it the highest in two decades. The Govt is clear on the stands that India will achieve 7% growth and it is also aware of the dangers that rise in the fiscal deficit would cause. Anyway its just one way head for the day the whole of India and the investors over the world are watching to see the Budget 2009-10.
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