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Public Finance: Central Government’s Economic Survey and Budget
Summary of Economic Survey 2013
Economists of the Government if India estimated that India’s economy is likely to pick up pace in 2013–14 and could grow at 6.1–6.7 per cent. The Economic Survey tabled in Parliament on 27 February 2013 by P. Chidambaram, the finance minister, provided a summary of the key points thus:
- More than 6 per cent growth forecast for next financial year offers considerable enhancement for social sector spending compared to previous years; and
- • India is on the verge of creating quality jobs to seize ‘demographic dividend’.
Indian economy is likely to grow between 6.1 per cent and 6.7 per cent in 2013–14 as the downturn is more or less over and the ...
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