Home Nation World Business Politics Odd & Weird Region Entertainment Education
Pardaphash Logo
Hindi


Fiscal deficit to touch 6.1 percent: Assochem




Published by:
Published on: Sun, 13 Jan 2013 at 12:33 IST
Fiscal deficit to touch 6.1 percent: Assochem
New Delhi: Assochem expressing its concern over prevailing economic situation has stated that country's faltering growth coupled with Inflation can lead it to a similar crisis situation faced by it in 1991.

In its paper, Assochem, said that with public finances remaining in great stress, the Central Government fiscal deficit may even go to touch 6.1 per cent of GDP in the current financial year 2012-13.

It has stated that country has the least room for counter- cyclical fiscal policy response if anything affects global markets.

It said faltering growth, unresponsive skewed inflation, continued turbulence in the global economic conditions and widening infrastructure deficiencies are challenging India's growth story.

"If appropriate action is not taken in time, we are likely to be in a worse situation than in 1991 for several reasons," chamber stated.
Previous
In Pics | Mithun Chakraborty, Punit Pathak, Gaiti Siddiqui & Mudassar and Jay Bhanushali at the launch of Dance India Dance (DID) Season 5
In Pics | Mithun Chakraborty, Punit Pathak, Gaiti Siddiqui & Mudassar and Jay Bhanushali at the launch of Dance India Dance (DID) Season 5
Marathi film Welcome Zindagi's Premiere at Metro Big Cinemas in Mumbai
Marathi film Welcome Zindagi's Premiere at Metro Big Cinemas in Mumbai
Miley Cyrus bares all for Paper Magazine
Miley Cyrus bares all for Paper Magazine
Bruce Jenner finally debuts as Caitlyn on Vanity Fair
Bruce Jenner finally debuts as Caitlyn on Vanity Fair
Feel the heat with Sofia Hayat's bikini pics for Victoria's Secret
Feel the heat with Sofia Hayat's bikini pics for Victoria's Secret
AbRam poses very much like father Shah Rukh Khan
AbRam poses very much like father Shah Rukh Khan
PardaPhash's 4th Anniversary Graced by Principal Secretary, Information, Navneet Sehgal
PardaPhash's 4th Anniversary Graced by Principal Secretary, Information, Navneet Sehgal
IPL 2015 CSK vs MI Final: Mumbai Indians winning moments
IPL 2015 CSK vs MI Final: Mumbai Indians winning moments
Deepika Padukone’s Piku success bash, a starry affair
Deepika Padukone’s Piku success bash, a starry affair
Bollywood beauty Katrina Kaif at Cannes International Film Festival 2015
Bollywood beauty Katrina Kaif at Cannes International Film Festival 2015
The Upcoming Bollywood diva - Pernia Qureshi
The Upcoming Bollywood diva - Pernia Qureshi
Sneak peek into Karan Patel, Ankita Bhargava’s wedding and reception
Sneak peek into Karan Patel, Ankita Bhargava’s wedding and reception
Bombay Velvet Team celebrates Anushka Sharma’s Birthday at screening | See Pictures
Bombay Velvet Team celebrates Anushka Sharma’s Birthday at screening | See Pictures
Lucknow Boy Harsh Singh wins All India Dance Championship 2015
Lucknow Boy Harsh Singh wins All India Dance Championship 2015
Shahrukh Khan honoured with the Dadasaheb Phalke Film Foundation Award
Shahrukh Khan honoured with the Dadasaheb Phalke Film Foundation Award
Next

Related Stories:-

BREAKING NEWS
 
Opinion Polls
Will Ajinkya Rahane be able to impress as captain in Zimbabwe?
Yes
No
Can't Say


Pardaphash name, logo and all associated elements ® and © 2011 Mahakaal News Management Pvt. Ltd.
All rights reserved. Pardaphash and the Pardaphash logo are registered marks of Mahakaal News management Pvt. Ltd.
Pardaphash is hosted with Enzoo could compute engine.
Valid XHTML 1.0 Transitional
This page is generated in : 0.018 Seconds