Representative End User Clients
Representative Automation Clients
Representative Software Clients
India's Minister of Finance presented the flagship annual Economic Sur-vey in the parliament on July 9, 2014. This was a day prior to the announcement of the Budget, which reviews and summarizes the country's economic performance, highlights the Government's policy initiatives, and discusses short- and medium-term prospects. In FY 2013-14 (the nation's financial year runs from April 1st to March 31st), India's GDP grew and marginally improved to 4.7 percent as compared to 4.5 percent the previous year.
Arun Jaitley, Finance Minister, while presenting the annual budget (2014-15), said that he feels duty bound to usher in a policy regime that will result in the desired macroeconomic outcome of higher growth, lower inflation, sustained level of external sector balance, and a prudent policy stance. He emphasized the need for fiscal consolidation and discipline.
In a connected and integrated world, global business cycles influence and impact India's economy. For example, the Eurozone crisis resulted in sharp export decline, deficit in balance of payments, and reduced capital inflows. However, now "green shoots" of recovery are being seen in the global economy - and this is good news for India. According to the IMF, the world economy is projected to grow at 3.6 percent in 2014 (vis-à-vis 3 percent in 2013). Domestic constraints compound global economic headwinds. These include delays in project approvals, funding, and environment clearance.
ARC Advisory Group clients can view the complete report at this Link.
If you would like to buy this report or obtain information about how to become a client, please Request ARC Info
Keywords: Analysis, Budget, Cement, Chemical, Economic Survey, Electric Power, Oil & Gas, Metals & Mining, Pharmaceutical.