This budget has presented a lot of data… Fiscal deficit, current account, inflation, gdp growth, manufacturing and what not… And it has presented a rather rosy picture before us. Fiscal deficit would be reined in at 4.6% (below even the targeted 4.8%), current account deficit is down to below $40 billion (vs estimates of over $90 billion in the beginning), inflation has come down and growth is picking up (expected to be 4.9% this year vs 4.5% in the last).
In this article, we intend to decode all these numbers, take a stock of the situation and analyse the true state of the economy. We will look at each of the major indicators of the economy – current account, fiscal deficit, inflation, investment and manufacturing – analyze how we did in 2013-14 and see what lies ahead.
Current Account Situation – Is the crisis over?
We began the year 2013-14…
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