Fiscal deficit for 2013-14 contained at 4.5% of GDP
July 09, 2014  13:47
Wholesale Price Index inflation falls to a three year low of 5.98% during 2013-14

Consumer Price Inflation also signs of moderation

Both, Wholesale and Consumer Price Inflation, expected to go downward

Fiscal consolidations remains imperative for the economy, says the Economic Survey

Economy Survey recommends fiscal consolidation through higher tax-GDP ratio then merely reducing the expenditure to GDP ratio

Proactive policy action helped government remain in fiscal consolidation mode in 2013-14

Fiscal deficit for 2013-14 contained at 4.5% of the GDP

Total outstanding liabilities of the central and state governments decline as a proportion of GDP
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