High Growth Markets -- India Budget 2013

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By KPMG LLP | March 20, 2013




The Government of India recently published its Economic Survey and submitted its budget to the Indian Parliament.

The business and economic environment in India has been quite turbulent during the last year. During the second half of the last year, the government has taken some critical decisions that have been welcomed by industry and investors, including opening up of retail and other sectors, postponing the implementation of Anti Abuse Rules (General Anti Avoidance Rules) and a series of disinvestments in Indian Public Sector Companies.

Also, important steps have been taken by the government to contain the fiscal deficit, especially by rationalizing the pricing for oil and gas in the country.

The Economic Survey report discusses where India is going in 2013 and consequent implications and opportunities.

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