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Showing posts with label GDP. Show all posts
Showing posts with label GDP. Show all posts
0 comments Posted by life rocks at 7:53 PM


he government's fiscal deficit during 2011-12 worked out to be 5.7 per cent of the GDP, lower than 5.9 per cent projected in the revised estimates in the Budget.As per the provisional data released by Controller General of Accounts (CGA) today, the total receipt stood at 7,88,713 crore and the expenditure was 12,98,444 crore in 2011-12 which is 4.3 per cent of the GDP.Fiscal deficit is the difference between the government's total receipts and expenditure.

In Budget 2012-13, the government had revised the deficit to 5.9 per cent of the GDP, as against the earlier estimate of 4.6 per cent.

The Centre is aiming to bring it down to 5.1 per cent in the current fiscal. It is targeting to cut the subsidy bill to below 2 per cent of GDP this fiscal and 1.75 per cent in the subsequent years.

The government managed fiscal deficit last fiscal through external financing worth 9,158.37 crore and domestic financing of 5,00,572.29 crore rupees.

Meanwhile, as per the Gross Domestic Product (GDP) data released by the CSO today, the country's GDP growth rate was
6.5 per cent in 2011-12, as against the earlier estimate of 6.9 per cent.

 

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0 comments Posted by life rocks at 9:28 AM

he Prime Minister Dr. Manmohan Singh on Monday asserted that India is taking pro-active steps to improve business climate in the country. He said, investments from South Korea is a priority area. Dr. Manmohan Singh elaborated his argument of India being an attractive investment destination. He said, country will return to 8 to 10 per cent growth. 

Dr. Singh listed six priority areas including about 35 per cent of GDP as saving rate to support his argument. Other important areas include Young working population, heavy investments in education, health and agriculture and huge expansion of skill development and physical infrastructure 

 

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