Budget 2013-14: Guru Speak

Union Budget: Given the state of the Indian economy, Finance Minister P. Chidambaram is most likely to unveil concrete measures to revive growth and ensure fiscal discipline in the union budget to be presented Feb 28, economists and analysts believe. Chidambaram will present the budget at a time when the economy is growing at its slowest pace in a decade. The current account deficit has hit a record high and the fiscal deficit has been on a cliff. Also, inflation is much above the comfort level and infrastructure bottlenecks continue to hinder growth and investments. Adding to the finance minister's woes is the threat of ratings downgrade by global agencies.

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