Indian Budget 2013 Summary as a video infographic - watch the main highlights of the Indian budget presented by the Finance Minister, Mr. P. Chidambaram on 28th February 2013.
The budget includes higher than expected spending and expects to cover that with an increased revenue from taxes and compliance. The Indian budget is trying to stave off a credit rating downgrade and also needs to meet expectations of the common people as the government will be facing the general elections in 2014.
The finance minister has been working hard to woo foreign investment and the budget seems to have several sops for them to look at India as an investment destination again.
The newly introduced extra surcharge on the rich has definitely got the super rich concerned and they are worried about further taxes being slapped on them in the coming years.
The Prime Minister of India, Mr. Man Mohan Singh, himself an economist, said "This country must not lose any time - India must get its act together to accelerate the tempo of growth".
The Indian budget is keenly watched the world over as this is the policy document that gives a peek in the Indian government's mind set and lays out broad playing rules for the Indian and international players who have a stake in India.
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Watch the highlights of the Indian budget 2013 here: http://youtu.be/97_jZijP7gw.
Published by InfoGraphic Design Team