Budget 2013 will be realistic and conservative | SupportBiz

Policy Notes

Budget 2013 will be realistic and conservative

 
Finance Minister P Chidambram started his budget speech with, “The country has a challenge to get back to the growth path of 8%,"

He added, "Global downturn has affected the Indian economy. We have understood that the Indian economy is challenged. Our goal for this budget is focused on achieving higher growth in an inclusive and sustainable manner. This is the mantra of the Union Budget 2013-14. Foreign investment can be encouraged if it is long-term and sustainable.”

He also stated that the country is struggling with fiscal deficit, so this year's budget will be realistic and conservative.