You are here: Home » Budget » Run-up » Economy
Business Standard

A SNAPSHOT OF THE INDIAN ECONOMY

Ahead of the Union Budget for 2015-16, to be presented on February 28, Business Standard looks at how India's key economic indicators have moved since 2010-11

Business Standard  |  New Delhi/ Mumbai 

Image via Shutterstock

A key challenge before the central government is increasing its tax revenue by widening the tax base. At present, only 3 million individuals pay income tax, a fact that has remained unchanged for years. And, on expenditure side, experts contend that greater public spending is required to kickstart the investment cycle.

How the government increases public investment in infrastructure while sticking to the path of fiscal consolidation will be keenly watched. Ahead of the Union for 2015-16, to be presented on February 28, Business Standard looks at how India's key economic indicators have moved since 2010-11.

Read our full coverage on Union Budget
.

.


















Notes: * RE: Revised estimates * BE: estimates
* GDP for 2014-15 has been projected at Rs 1,28,76,653 crore (BE), assuming 13.4% growth over 2013-14 advance estimates of Rs 1,13,55,073 crore released by the Central Statistics Office * Individual items might not add up to the totals because of rounding off * Total non-Plan expenditure includes total capital non-Plan expenditure and revenue expenditure on grants to states, UTs, police and social services * Total non-Plan expenditure excludes expenditure matched by receipts, and discharge of all Treasury Bills, discharge of Cash Management Bills, discharge of ways and means

Dear Reader,


Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Tue, February 24 2015. 14:27 IST