Homepage     Budget    Basics    Glossary    Budget Highlights    Economic Survey 2012    Railway Budget 2012    Union Budget 2012    Events     Daily News    Newsletter    About Us

Google
Web banknetindia.com   
News Feeds LinkedIn Banknet Group Banknet on Facebook Banknet Twitter
Indian Union Budget 2011-12 .... Click here
Indian Union Budget 2010-11 .... Click here
Indian Union Budget 2009-10 .... Click here
Indian Union Budget 2008-09 .... Click here
Indian Union Budget 2007-08 .... Click here
Indian Union Budget 2006-07 .... Click here
Indian Union Budget 2005-06 .... Click here
Indian Union Budget 2004-05 .... Click here



Approach to Indian Budget 2012-13- Shri Pranab Mukherjee, Minister of Finance- March 16, 2012


APPROACH TO THE INDIAN BUDGET

* For Indian economy, recovery was interrupted this year due to intensification of debt crises in Euro zone, political turmoil in Middle East, rise in crude oil price and earthquake in Japan.

* GDP is estimated to grow by 6.9 per cent in 2011-12, after having grown at 8.4 per cent in preceding two years.

* India however remains front runner in economic growth in any cross-country comparison.

* Monetary and fiscal policy response for better part of past 2 years aimed at taming domestic inflationary pressure.

* Growth moderated and fiscal balance deteriorated due to tight monetary policy and expanded outlays.

* Indicators suggest that economy is turning around as core sectors and manufacturing show signs of recovery.

* At this juncture, it is necessary to take hard decision to improve macroeconomic environment and strengthen domestic growth drivers.

* Twelfth Five Year Plan to be launched with the aim of "faster, sustainable and more inclusive growth". Five objectives identified to be addressed effectively in ensuing fiscal year.

* If India can build on its economic strength, it can be a source of stability for world economy and a safe destination for restless global capital.












Forum |Conferences | Technology | Book Store | Advertise | Terms of use | Disclaimer| About us | Contact
© Banknet India | All rights reserved worldwide.
Best viewed with IE 4.00 & above at a screen resolution of 800 x 600 or higher