Union Budget 2013: FM likely to address fiscal consolidation & implementation

Arun Singh - Sr Economist, Dun & Bradstreet .

Arun Singh
Dun & Bradstreet 

The upcoming Union Budget 2013 is expected to deliver measures which would bring about stability, reinforce the growth prospects and also instill confidence among companies and investors. Commitment to fiscal consolidation and measures to ensure time bound implementation of the reform initiatives is expected to be articulated in the Budget this year.

Fiscal prudence is expected to be undertaken mostly through the rationalisation of expenditure as moderation in growth will pose difficulties in revenue augmentation to adhere to the fiscal deficit target.

The industrial sector has been in doldrums since past year and the budget is expected to announce measures conducive for uplifting the industrial activity going forward. Further, the government is likely to strongly focus on the infrastructure sector which would support the investment activity going ahead.