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Kabali Telugu Movie | Official Teaser | Rajinikanth | Radhika Apte | Pa.Ranjith

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Kabali Telugu Movie | Official Teaser | Rajinikanth | Radhika Apte | Pa.Ranjith

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Praja Rajyam Chief Chiranjeevi Accept An Offer From The Congress

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Time to Tackle India's Budget Deficit

The Indian economy proved resilient during the global financial crisis, partly as a result of aggressive measures to boost government expenditures and cut taxes. These measures, which pushed the central government deficit to nearly 7% of GDP and reversed the downward trajectory of public debt, helped maintain robust growth during a difficult period. Now that the recovery seems on track, it is time to pay the piper and rein in the budget deficit. Deficit reduction poses a big challenge but also provides an opportunity to reorder spending priorities in a way that will support future growth. Indeed, there is much at stake in Finance Minister Pranab Mukherjee's budget speech this week as it will set the tone not just for the fiscal picture but also the contours of India's growth. General government debt now stands at 82% of GDP according to International Monetary Fund estimates, up three percentage points from two years ago. High levels of deficits and d

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