Budget Analysis
Budget Analysis
GDP Growth
Rate (%)
8
5.15
5.39
3.88
7.97
7.05
9.48
9.57
9.32
6.72
8.59
8.91
6.69
4.47
4.74
Year
1999-2000
2000-2001
2001-2002
2002-2003
2003-2004
2004-2005
2005-2006
2006-2007
2007-2008
2008-2009
2009-2010
2010-2011
2011-2012
2012-2013
2013-2014
Agriculture
Growth (%)
2.67
-0.01
6.01
-6.6
9.05
0.18
5.14
4.16
5.8
0.09
0.81
8.6
5.02
1.42
4.71
Industry
Growth (%)
5.96
6.03
2.61
7.21
7.32
9.81
9.72
12.17
9.67
4.44
9.16
7.55
7.81
0.96
0.35
Services
Growth (%)
12.05
5.07
6.61
6.74
7.89
8.28
10.91
10.06
10.27
9.98
10.5
9.67
6.57
6.96
6.78
Source:
http://planningcommission.gov.in/
Agriculture Growth(%)
Industry Growth(%)
Services Growth(%)
Fiscal Deficit
Year
19992000
20002001
20012002
20022003
20032004
20042005
20052006
20062007
20072008
20082009
20092010
20102011
20112012
20122013
Centre Fiscal
Deficit
State Fiscal
Deficit
Combined
Fiscal Deficit
-6
-3.6
-9.6
-5.7
-3.5
-9.2
-4.3
-3.9
-8.2
-3.9
-3.4
-7.3
-4
-2.5
-6.5
-3.3
-2.1
-5.4
-2.5
-1.4
-3.9
-6
-2.3
-8.3
-6.5
-2.9
-9.4
-4.8
-2.1
-6.9
-5.7
-2.4
-8.1
-4.9
-2.3
-7.2
20132014
-4.6
-2.2
-6.8
Source:
http://planningcommission.gov.in/
0
-2
-4
Center Fiscal Deficit
-6
-8
-10
-12
Inflation
Year
1999-2000
2000-2001
2001-2002
2002-2003
2003-2004
2004-2005
2005-2006
2006-2007
2007-2008
2008-2009
2009-2010
2010-2011
2011-2012
2012-2013
2013-2014
Inflation
WPI(Average)
Inflation
CPI(Average)
3.3
3.4
7.1
3.7
3.6
4.3
3.4
4.1
5.5
3.8
6.5
3.9
3.7
4.2
6.5
6.8
4.8
6.2
8
9.1
3.6
12.3
9.6
10.5
8.8
8.4
7.5
10.2
5.9
9.5
Source: http://planningcommission.gov.in/
14
12
10
8
6
Inflation WPI(Average)
Inflation CPI(Average)
2
0
Plan
Non-plan
Expenditure Expenditure
20061,69,860
4,13,527
07
20072,05,082
5,07,589
08
20082,75,235
6,08,721
09
20093,03,391
7,21,096
10
20103,73,092
7,35,657
11
20114,12,375
8,91,990
12
20124,13,625
9,96,747
13
20134,75,532
11,14,902
14
20145,75,000
12,19,892
15
Source: http://planningcommission.gov.in/
1,400,000
1,200,000
1,000,000
800,000
600,000
Plan Expenditure
400,000
Non-plan Expenditure
200,000
0
2006-07
29%
Plan Expenditure
Non-plan
Expenditure
71%
2014-15
32%
68%
Plan Expenditure
Non-plan
Expenditure
Capital Expenditure
Years
2006-07
2007-08
2008-09
2009-10
2010-11
2011-12
2012-13
2013-14
2014-15
Capital
Expenditure
(Cr.)
68,778
1,18,238
90,158
1,12,678
1,50,025
1,58,580
1,66,858
1,90,894
2,26,781
Source: http://planningcommission.gov.in/
Capital Expenditure
250,000
200,000
150,000
Capital Expenditure
100,000
50,000
0
Years
200607
200708
200809
200910
201011
201112
Captial
Receipts
Recovery of
loans
PSU
Disinvestme
nt
1,49,000
5,893
534
1,42,573
1,70,807
5,100
38,795
1,26,912
3,43,697
6,139
566
3,36,992
4,51,676
8,613
24,581
4,18,482
4,26,537
5,129
40,000
3,81,408
5,52,928
18,850
18,088
5,15,990
201213
201314
201415
5,32,754
15,060
25,890
4,90,190
5,61,182
10,802
25,841
5,24,539
5,96,083
10,527
63,425
5,31,177
Source:
http://planningcommission.gov.in/
700,000
600,000
500,000
400,000
Captial Receipts
Recovery of loans
300,000
PSU Disinvestment
Borrowings & Other
liabilities
200,000
100,000
0
2006-07
4% 0%
Recovery of loans
PSU Disinvestment
96%
2014-15
2%
Recovery of loans
10%
88%
Years
2006-07
PSU Disinvestment
Revenue
Expenditur
e
514609
2007-08
594433
2008-09
793798
2009-10
911809
2010-11
958724
2011-12
1145785
2012-13
914306
2013-14
1027689
2014-15
1114609
Intere
st
1,50,2
72
1,71,0
30
1,92,2
04
2,13,0
93
2,48,6
64
2,73,1
50
3,13,1
70
3,80,0
66
4,27,0
11
Subsid
ies
53,495
67,498
1,23,58
1
1,35,50
8
1,09,09
2
2,17,94
1
2,57,07
9
2,55,51
6
2,60,65
8
Defen
ce
51,68
2
54,21
9
73,30
5
90,66
9
87,34
4
1,03,0
11
1,11,2
77
1,24,8
00
1,34,4
12
Source: http://planningcommission.gov.in/
1200000
1000000
800000
Revenue Expenditure
600000
Interest
400000
Subsidies
Defence
200000
0
2006-07
20%
Interest
59%
21%
Subsidies
Defence
2014-15
16%
32%
Interest
52%
Subsidies
Defence
Revenue Receipts
Years
2006-07
2007-08
2008-09
2009-10
2010-11
2011-12
2012-13
2013-14
2014-15
Revenue
Receipts
424387
541864
540259
572811
788471
751437
879232
1029252
1189763
Tax
Revenu
e
351182
439547
443319
456536
569869
629765
741877
836026
977258
Non Tax
revenue
83205
102317
96940
116275
218602
121672
137355
193226
212505
Source: http://planningcommission.gov.in/
1400000
1200000
1000000
800000
Revenue Receipts
600000
Tax Revenue
400000
200000
0
Trade Deficit
Years
19992000
2000-01
2001-02
2002-03
2003-04
2004-05
2005-06
Trade Deficit
(US$bn)
-17.8
-12.5
-11.6
-10.7
-13.7
-33.7
-51.9
2006-07
2007-08
2008-09
2009-10
2010-11
2011-12
2012-13
2013-14
2014-15
-61.8
-91.5
-119.5
-118.2
-130.6
-189.8
-195.7
-147.6
-137
Source: http://planningcommission.gov.in/
Year
Current
Account
Deficit
(% of GDP)
19992000
200001
200102
-0.9
-0.6
0.7
20021.2
03
20032.3
04
2004-0.3
05
2005-1.2
06
2006-1
07
2007-1.3
08
2008-2.3
09
2009-2.8
10
2010-2.7
11
2011-4.2
12
2012-4.7
13
2013-1.7
14
2014-1.3
15
Source: http://planningcommission.gov.in/
3
2
1
0
-1
-2
-3
-4
-5
-6
Current Account Deficit (% of GDP)