Jan 28, 2013, 01.34 PM | Source: Moneycontrol.com
The Union Budget 2013 will be presented at a time when the Indian economy faces an uphill task in recovering its lost growth momentum.
The Union Budget 2013 will be presented at a time when the Indian economy faces an uphill task in recovering its lost growth momentum. The focus of the Budget would be to bring about stability and prioritise measures to strengthen the growth prospects of the domestic economy.
Fast tracking the implementation of the reform measures, adhering to the path of fiscal prudence through rationalisation of expenditure, widening the tax base and enactment of tax measures like DTC and GST and curbing subsidies would be some of the foremost measures in the upcoming budget. Although the government has paved the way towards free pricing of regulated fuels, these still remain partially controlled. Further, the infrastructure sector would also get due emphasis given that an uptick in infrastructure would help in uplifting industrial activity and support growth going ahead.