Analysis

Union Budget 2014

Deloitte India Analysis

A change in direction

Over the past few years, the Indian economy has witnessed sluggish growth with relative moderation in all three sectors: agriculture, industry and services. The economy is in need of a fillip to pull itself out of this slump and be redirected to a path of continued and sustained growth. A strong and stable government at the center does instil hope. In this regard, the first Budget of the newly formed government is of paramount importance, particularly as it signifies the path as well as long term vision of things to come. While the government has a number of issues to focus on, three key areas are of particular importance to the economy i.e. fiscal prudence, sectoral growth and containment of inflation.

 

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